Ing. Kirk Koffi, a former Chief Executive Officer of the Volta River Authority (VRA) has boldly stated John Jinapor the Energy Minister will fix the erratic power supply.
According to the former VRA CEO, John Jinapor is on the right track.
He noted that the energy sector issues, particularly those involving fuel supply, require time and careful planning to resolve.
Speaking on Face to Face on Channel One TV, Ing. Kirk Koffi explained, “No, no, no—this government just came in. So if there is a fuel supply challenge, it takes time to even get your arrangement for fuel. I know they are doing well. They have just bought some crude oil, I heard it in the media”.
“I heard the minister; he is going to fix it, he is on the right track. Honourable Jinapor is on the right track to fix the problem. He is on the right track,” Koffi echoed.
Meanwhile, John Jinapor, urged Ghanaians not to panic in terms of any potential power crisis in the country.
Speaking to members of the Energy Committee of Parliament, Mr Jinapor stated, “We require about $1.1 billion to procure liquid fuel alone. Unfortunately, the liquid fuel is not part of the tariff structure, and so we will be buying close to $15 billion of liquid fuel, and that has to be paid by the central government.”
“Karpower has just sent us a letter that by the 18th, they will shut down the plant because we owe them more than $400 million. IPPs alone, we owe them $1.7 billion, and so it’s serious,” the Minister stressed.
“ECG is unable to collect all the monies, and so you are having a deficit of about 2 billion cedis every month when it comes to ECG’s collections. When you add that deficit and you add the fuel, which is not part of the pass-through, you are looking at over 30 billion,” he said.
However, speaking on Citi Eyewitness News John Jinapor clarified the power situation stating that the government has procured 450,000 barrels of light crude oil arriving this weekend.
Speaking on Citi Eyewitness News John Jinapor clarified the power situation stating that the government has procured 450,000 barrels of light crude oil arriving this weekend.
He stated, “On fuel stock, we did indicate to them that we have 2.6 days of fuel. But I also did say that fortunately, the Ministry of Finance has supported us—we’ve procured 450,000 barrels of light crude oil arriving this weekend.”
“So, it is true that we have 2.6 days of stock, the good news is that we have 450,000 barrels coming in, so we shouldn’t panic. We will be okay. No—[there is no looming power crisis],” he assured.
