{"id":273768,"date":"2011-01-13T14:21:42","date_gmt":"2011-01-13T14:21:42","guid":{"rendered":"http:\/\/www.ghanamma.net\/?p=46905"},"modified":"2011-01-13T14:21:42","modified_gmt":"2011-01-13T14:21:42","slug":"gridco-on-course-to-supply-power-to-private-entities","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/01\/13\/gridco-on-course-to-supply-power-to-private-entities\/","title":{"rendered":"GRIDCo on course to supply power to private entities"},"content":{"rendered":"<p>GRIDCo has announced that it is opening its doors to transact direct  business with private bulk power producers ready to purchase electricity  on a whole-sale basis.<br \/>\nThe CEO of GRIDCo, Charles Darko, made this revelation during an interview with Bernard Nassara Saibu on Joy FM\u2019s <strong>Super Morning Show<\/strong> and cited a Chinese company, Sunon Asogli as a beneficiary of their innovation.<br \/>\nThis,  he said, is in line with GRIDco\u2019s vision to reform the electricity  sector, inject private capital and ensure efficiency in service  delivery.<br \/>\nHe likened the situation to that of the media, where  the monopoly of the Ghana Broadcasting Corporation (GBC) was broken,  paving the way for the likes of Joy FM to begin operations and which  eventually led to the hundreds of private broadcast stations in the  country.<br \/>\n\u201cWe are trying to do something similar on the power side  [comparing it with the reformation of media] by taking the transmission  out of the VRA and opening up the VRA in the generation side to  competition and bringing in additional private participation\u2026so that at  the end of the day, the efficiency and the delivery will go up,\u201d he  indicated.<br \/>\nThe CEO highlighted plans of his outfit, indicating  that it is working to bring in bulk consumers to competitively bid for  exclusive power delivery from GRIDco and hinted that the move would  eventually clear the way for privatization of power delivery in the  country.<br \/>\n\u201cWe are working with what we call the whole-sale power  market, which would be a market in which bulk consumers would come in  and commit to buy the power from producers in a competitive manner,\u201d he  revealed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GRIDCo has announced that it is opening its doors to transact direct business with private bulk power producers ready to purchase electricity on a whole-sale basis. The CEO of GRIDCo, Charles Darko, made this revelation during an interview with Bernard Nassara Saibu on Joy FM\u2019s Super Morning Show and cited a Chinese company, Sunon Asogli [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-273768","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GRIDCo on course to supply power to private entities - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/01\/13\/gridco-on-course-to-supply-power-to-private-entities\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GRIDCo on course to supply power to private entities - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"GRIDCo has announced that it is opening its doors to transact direct business with private bulk power producers ready to purchase electricity on a whole-sale basis. 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