The Chief Executive officer (CEO) of Bui Power Authority (BPA), Mr. Fred Oware has said, there is a committee that has been set up to take care of the merger of BPA/VRA as a cabinet decision.
The merger according to him, is being proposed to join forces together for the hydropower generation in the country. Mr. Oware said “I serve on that committee anyway, and we will meet again tomorrow to decide how the work is to be done.”
“It’s a government decision and the government would be advised by the committee as to how to go about it. It’s a bit premature since the work has not progressed far to comment on it but it’s a government decision and so be it,” he explained.
According to the CEO, “In terms of renewables, we need a switchyard to evacuate the power before you put it unto the national grid. We have finished the construction, we have tested and commissioned a switchyard capable of evacuating 250mw of power. What is left is to build a solar pack.”
He made the ￼disclosure at the maiden BPA Editor’s Breakfast Meeting on Monday 11th December, 2017 in Accra. And also noted that, “There is a lot of misconception about this BPA project. First of all, a lot of people think it has not been completed and that we are not generating anything.
“It was never intended to be a part with VRA. Never, We are just about 20% 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 found ourselves.
The various people we are talking to, and the various sites we have acquired in the Northern, Upper East, and Upper West Regions, which will be capable to give us more solar energy than has been planned nationally,” Mr. Fred Oware stated.
The Bui dam he said, was established purposely to develop, deploy and sustainably utilise the resources of the Black Volta to derive the optimum national benefits primarily by providing electricity at a base price to spur industrial and agricultural production and impact the lives of many people in the country.
“If we are allowed to grow, I’m absolutely certain that in the next five years or so, you will be talking to a very huge Authority. And we would want you to carry this message across that BPA is not a white elephant,” he emphasised.
Meanwhile, the ECG, owed BPA a substantial amount of money, which is supposed to be used to pay a quarter of the buyer credit loan, facilitated for the establishment of the Bui Hydro Generation Station.
According to him, the BPA has kept to its promise by honoring the repayment schedule of the buyer’s credit loan agreement, whilst the Government is also paying back its concessionary loan.
That not withstanding, BPA has been able to repay a quarter of the loan over the past five years, indicating that, It is doing well, thus, it’s capable of paying the full amount of the loan.