Business News of Tuesday, 12 December 2017

Source: classfmonline.com

Bui not 'white elephant' – CEO

Bui Power Authority Bui Power Authority

The Bui Power Authority (BPA) has corrected a misconception that it does not have what it takes to produce hydro and solar power for the country.

The Authority this year expanded its focus to include renewable energy production.

This falls in line with government’s vision to increase renewables to about 10 per cent of the country’s energy mix.

Currently, the BPA is producing and adding about 400 megawatts to the country’s energy production.

In an interaction with Business Editors in Accra, Chief Executive Officer for the BPA, Fred Oware, said the Authority in the next five years would become the leader in the renewable energy market.

He said: “There is a lot of misconception about this project. First of all, a lot of people think that it has not been completed and that we are not generating anything, but it was never intended to be at par with VRA. We are just about 20 per cent of VRA but we have the capacity because of where we stand today with the solar.

“If we are allowed to grow on the trajectory that we find ourselves, the various people we are talking to, the various sites we have acquired in the three northern regions which will be capable of giving us more solar energy than has been planned nationally, if we are allowed to grow, I’m absolutely certain that in the next five years or so, you’ll be talking to a very huge Authority.

“And we’ll want you to take this message across, that: BPA is not a white elephant, we are working, we have the capacity to expand and lead in the renewable energy market.”