The Chief Executive Officer of Volta River Authority (VRA), Emmanuel Antwi Darkwa, says the authority is financially sound to operate effectively.
He said news circulating that VRA is in debt, and so the country can be plunged into an energy crisis must be disregarded.
Mr. Darkwa was addressing the media on the sidelines of a donation the Company made in the Eastern Region.
He said as a state institution, VRA is mandated to publish its financials.
Engineer Antwi-Darkwa stressed that from a position of a loss of ¢1.3 billion in 2016, VRA recorded a profit last year. He, therefore, said the company cannot be an organisation that owes so much and will be on its knees.
He said the occurrence of power crisis commonly referred to as Dumsor is something of the past.
“For us as engineers, it is a blot on our conscience anytime there is Dumsor. You cannot sit in VRA and have Dumsor in Ghana. But of course, we are not the only producers in town, we have private producers. So it takes all of us to make sure there is no Dumsor but from where I sit as the CEO of VRA, I can’t foresee Dumsor.”
On harnessing alternative sources of power, he said it has always been the desire of VRA to exhaust all feasible sources of generating power to sufficiently satisfy the needs of Ghanaians.
He added that currently, there is thermal complementation with hydro which is the base.
“So it’s like an insurance policy, the day or year it doesn’t rain, you can count on your thermal. Now luckily for us, God has been good to us, we have discovered gas. Large quantities of gas to sustain power generation in an environmentally friendly manner and also at a cheaper cost,” he added.
Story filed by Augustus Acquaye.
