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Power Supply Restored to Volta Aluminum Company in Ghana-- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
1/3/2020 金屬板材展-棒材-線材展 -plate metal expo-wire expo |
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Ghana Grid Company Limited has restored power to the Volta Aluminum Company Limited after disconnecting electricity supply to the Tema based aluminium smelting firm on December 30 over a USD 30 million debt. Ghana’s Energy Ministry official Mr Nana Oppong Damoah said “Power was restored to VALCo few hours after GRIDCo announced the disconnection, while negotiations were ongoing with VALCO to settle their indebtedness. The Ministry is mediating to ensure that we come to a common ground point. Power has been restored to VALCO a. We will continue to ensure that whilst the needs of VALCo are being catered for, GRIDCo is not left in the dark. We are already making quite a lot of headway and GRIDCo also felt that, they need to send the right signal, which they did, and so we will continue to ensure that this impasse is resolved in the shortest possible time.”
The decision by GRIDCo to disconnect the power supply to VALCo was part of a broader effort to collect debts owed it by its bulk consumers, in order to breathe life into its operations. The decision was taken by its Management after several attempts to get VALCO honor its payment obligations proved futile.
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