Hon. John Abdulai Jinapor, the Minister of Energy and Green Transition, has expressed grave fears over an imminent statewide power outage, stating that the nation is having difficulty finding GH¢1.1 billion to buy the liquid fuel required to generate energy.
The Minister revealed that the nation’s liquid fuel supply is currently insufficient to last more than three days.
Further fuel supplies have been ordered, but the money needed to pay for them is not available, posing a serious crisis danger to the power industry if a quick fix is not found.
During a crucial meeting at the Peduase Valley Resort, the Parliamentary Select Committee on Energy met with important organizations, including the Energy Commission, Northern Electricity Distribution Company (NEDCo), and Ghana Grid Company Limited (GRIDCo).
The purpose of the conference was to examine the agencies’ 2025 plans and make sure they were in line with the Renewable Energy Master Plan and other national energy regulations.
Preventing duplication of effort and contradictory ideas in order to achieve a more cohesive approach to energy management and transition nationwide was one of the meeting’s main goals.
Minister Jinapor underlined that in order to obtain the required funding, immediate Cabinet-level action was required.
He said he was desperate to make sure the funds were raised to keep the energy industry from collapsing completely.
He cautioned that if the current financial uncertainty continues, the nation’s energy debt could skyrocket to GH¢30 billion by the end of 2025.
In order to avoid a nationwide blackout, the Committee on Energy, which is in charge of regulating ministries and agencies involved in energy, has promised to keep a careful eye on the issue and support any efforts to address it.
Source: newsthemegh.com