Government backs VRA, Bui Power in renewable energy drive
He made the statement at the 7th Renewable Energy Fair organised by the Energy Commission in Accra.
The VRA, the country’s largest power generation company which accounts for about 48 percent of production, is diversifying its operations into solar and wind energy, electric vehicles charging stations, in addition to its existing thermal and hydro plants. Its footprints in RE so far include a 17MW solar PV from its Kaleo and Lawra project this year.
The Bui Power Authority on the other hand has also completed the installation of 51MW solar PV in Bui in the Bono Region which includes a first- of-its-kind 1MW floating solar PV installation in the ECOWAS region.
10 percent renewable energy target by 2030 in line with the United Nations Sustainable Development Goals, goal 7, which talks about universal access to clean and affordable electricity.
Dr. Opoku Prempeh further cited the ongoing construction of the Pwalugu Multi-purpose power plant comprising of a 60MW hydropower hybridized with a 50MW solar plant by the VRA.
This project, he said, is strategic because when completed, would add another golden feather in VRA renewable energy portfolio and open up the entire northern region of Ghana to accelerated economic development.
In addition to the renewable energy projects being undertaken by VRA and Bui Power, he said, the country had also completed the project’s preparatory phase of the Scaling-up Renewable Energy Programme (SREP).
The programme would provide opportunities to both the public and private sectors in the deployment and use of renewable energy in the country. He added that the SREP would contribute significantly to the attainment of the last-mile electrification goal by 2025.
Having developed the first large-scale grid-connected Solar PV plant, 2.5MW at Navrongo at the time when the full range of regulation was not in place, VRA said it is poised to sustain its leadership role in the power sector.
“In maintaining our leadership role in the power sector, the VRA has successfully undergone a financial recovery programme and has transitioned into a sustainability plan, which has renewable energy and conversion of our simple cycle thermal plants to combined cycle as key elements for driving down our cost and our carbon footprint,” VRA’s Chief Executive Officer, Emmanuel Antwi-Dankwa, said in a speech read on his behalf.
Others are the construction of a wind project in Ada in Accra and Anloga in the Volta Region. The Authority also wants to play a leading role in the e-mobility or electric vehicles space.
Professor Ebenezer Oduro Owusu, Chairman of the Governing Council of the Energy Commission, said the Ghana Renewable Energy Fair, aims at providing a platform for collaboration between government, private sector, and civil society for the promotion of renewable energy.
Commenting on the event, Dr. Opoku Prempeh said: “I have no doubt that the successes that the Ghana Renewable Energy Fair has chalked in the past six years are as the result of the growing interest to decarbonize our planet and limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.”
President Nana Akufo-Addo in a statement read on his behalf said the government is leaving no stone unturned in providing quality leadership in the country’s quest to develop a sustainable energy economy with very few challenges.
“It is, therefore, a laudable idea to have stakeholders in the energy sector come together every year to deliberate and brainstorm on matters affecting the sector and present concrete measures to address them in order to ensure that industry players truly benefit from their investment,” he commended