Ghana Grid Corporation Confined (GRIDCo) has restored energy to the Volta Aluminum Company Constrained (VALCo) soon after disconnecting electricity supply to the Tema-primarily based aluminum smelting company on Monday, December 30, in excess of a $30 million credit card debt.
Nana Oppong Damoah, the Head of Communications and Community Affairs at the Power Ministry, verified the restoration of electric power to VALCO on Tuesday.
He explained the Ministry was doing the job to solve the deadlock that necessitated the motion.
Nana Damoah reported electrical power was restored to VALCo handful of hours just after GRIDCo introduced the disconnection, when negotiations were ongoing with VALCO to settle their indebtedness.
“The Ministry is mediating to guarantee that we come to a prevalent floor issue. Electric power has been restored to VALCO as we discuss.
“We will go on to make certain that even though the demands of VALCo are being catered for, GRIDCo is not left in the dark.
“We are by now creating quite a good deal of headway and GRIDCo also felt that,they have to have to deliver the suitable signal, which they did, and so we will carry on to assure that this deadlock is settled in the shortest feasible time,” Nana Damoah defined.
The conclusion by GRIDCo to disconnect power offer to VALCO was component of a broader energy to collect debts owed it by its bulk shoppers, in buy to breathe everyday living into its operations.
GRIDCo’s functions were being considerably impaired owing to the big money owed, amounting to around GH¢1.2 billion.