Wednesday 2nd April , 2014 4:05 pm
The Volta River Authority (VRA) is calling for a review of the current tariff regime in the country.
The Authority is insisting that government must consider reviewing the tariff regime, in order for them to be able to make more investments in the sector to provide efficient power supply.
Speaking on the Citi Breakfast Show, the Director of Communications at the VRA, Samuel Fletcher said any move in that direction will get more independent power providers into the country.
He said: “We need to make our own tariff regime attractive for independent power producers to jump on board” adding that “we can’t talk about investment without talking about VRA’s books, our revenue, our balance sheets.”
Mr. Fletcher pointed out that VRA does not make much revenue saying, “what do we get from the commodity we sell?…we are running at a deficit and that alone makes my balance sheet bad.”
According to him, the state of their balance sheets prevents them from getting loan facilities to carry out their duties because “I’m not sure how many banks will give you a loan when they are not sure of your credibility, when they are not sure whether you will be able to pay back that loan.”
By: Efua Idan Osam/citifmonline.com/Ghana