GRIDCo to spend $990 M to build robust transmission system
Ghana, Accra: The Ghana Grid Company Limited (GRIDCo) says it will need $990.53 M to build a robust transmission system.
The system is to ensure the delivery of reliable power, minimise system interruptions, lower transmission losses and meet increasing demand, according to the company’s 2022-2027 tariff proposal.
The amount is for implementing 21 medium-term projects considered in the proposed tariff for 2022-2027.
Successful completion of the projects and upgrading existing low-capacity infrastructure during the tariff period will improve power transfer capability of the National Interconnected Transmission System (NITS), so as to eliminate congestion within transmission corridors as well as overloads at BSPs, GRIDCo said in its tariff proposal.
“This will enable GRIDCo to evacuate power efficiently and effectively to the major load centres. Adequate redundancy will also be created to reliably meet the projected demand, such that outage of an element on the NITS will not result in customer outage,” the electricity transmission utility added.
It continued that the installation of SVC and variable reactors at critical substations will continue to improve and maintain system voltages within requirements of the National Electricity Grid Code, as well as provide sufficient reactive power within the NITS – improving the quality of power supply to customers in the process.
Again, the construction of new lines, provision of higher capacity transformers to existing substations and development of new substations, the company said, will enable it meet increasing demand (growing at rate of 8–10 % per annum) driven by economic growth.
“Higher transmission service charges, we know, will enable GRIDCo maintain a stable transmission grid to serve all of us. But are we willing to pay higher electricity tariff, so that with the role GRIDCo plays it will get transmission service charges which reflect its cost and also reflects its investment needs to develop a robust transmission system for all of us?” – asked Minister for Public Enterprises, Joseph Cudjoe, addressing the press during a working visit of GRIDCo management.
Source: B&FT Online