Pulse: Power Crisis to Worsen as VRA Shuts Down Tema Plant (Ghana)

The Volta River Authority has had to close down its power plant in Tema for lack of crude oil to keep it operational.

Pulse Business' checks have revealed the VRA cannot afford the funds needed to supply crude oil to keep the plant runnng.

The company has borrowed 1.3 billion dollars from banks so far to power the plant. But banks have now refused to grant the Authority letters of credit to finance the purchase of crude oil.

This is the reason why the ECG is having to shed an extra 400 MW of power starting from today.

The plant that can also run on gas, is not getting a supply of gas either. 

Read the full article HERE.