• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Nationwide power outage a wakeup call for needed investments in power sector – ACEP

5 years ago
in Energy, highlights, Home, home-news, latest News
1 min read
0 0
0
73
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Africa Centre for Energy Policy (ACEP) has reiterated the need for huge investments in the country’s power sector following a recent nationwide power outage on Sunday, March 7.

The Ghana Grid Company Limited (GRIDCo) assigning reasons for the nationwide power outage through a press release, attributed the development to a technical fault on one of its major transmission lines between Prestea and Obuasi which resulted in a total shutdown of its power system.

“This situation led to overloads on other adjacent transmission lines, leading to a sequence of trips and an eventual power system shutdown in the country,” GRIDCo said in a statement.

According to ACEP, overaged and weak transmission infrastructure coupled with inadequate available transfer capacity to meet the demand requirements of the major load centres are responsible for the power transmission challenges faced by GRIDCo.

The energy policy think tank therefore reitereated the need for significant investments in expansion, additions and upgrades of the country’s transmission system to improve power transmission.

“The problems with the transmission sub-sector have received less attention in the discussions around the power sector challenges faced
by the country. Over time, the transmission system has been consistently performing poorly on the basis of transmission losses and voltage violations. Transmission loses in particular has been a consistent and a recurrent challenge of the transmission system over the years,” said ACEP.

“In 2019, the system lost 4.7 percent of the power generated, a 19.4 percent increase from 2018. System losses by the end of the first half of 2020 increased to 5.28 percent of total power generated,” added ACEP.

RelatedPosts

Bill Gates Pledges $1.4 Billion to Help Farmers Adapt to Extreme Weather in Africa and Asia

NorvanReports’ X Space Discussion on Non-Interest Banking and Ghana’s Financial Future Happening at 7pm Tonight

S&P Upgrades Ghana’s Sovereign Rating to ‘B-/B’ on Stronger Fiscal and External Performance

The group in a press briefing on Thursday, urged government to in the short term use parts of the ESLA proceeds to provide the needed critical equipment in the transmission system.

“The sustainability of GRIDCo depends on a reformed power sector that pays for the investments in the transmission of the power sector. The fiscal position of government makes it difficult for the budget to continue to sustain investments in the transmission system. In the short term, some parts of the ESLA proceeds should be made available for investment in critical equipment in the transmission system,” remarked ACEP.

Source: norvanreports
Tags: Africa Centre for Energy Policy (ACEP)Ghana Grid Company Limited (GRIDCo)nationwide power outagepower transmission systemtransmission lines
No Result
View All Result

Highlights

South America to Anchor Non-OPEC+ Oil Supply Through 2030

Europe’s LNG Demand Surge Flips Global Gas Market

Norris Claims Pole Position for Sao Paulo Grand Prix as Verstappen Faces Shock Exit

Newmont Restructuring Impacted 16% of Workforce

Premier League: Arsenal’s Winning Streak Ends in Draw; Chelsea Triumphs Over Wolves

GPL: Hearts of Oak and Asante Kotoko set for explosive Super Clash in Accra Today

Trending

Agribusiness

Bill Gates Pledges $1.4 Billion to Help Farmers Adapt to Extreme Weather in Africa and Asia

November 9, 2025

Bill Gates Pledges $1.4 Billion to Help Farmers Adapt to Extreme Weather in Africa and Asia Billionaire...

NorvanReports’ X Space Discussion on Non-Interest Banking and Ghana’s Financial Future Happening at 7pm Tonight

November 9, 2025

S&P Upgrades Ghana’s Sovereign Rating to ‘B-/B’ on Stronger Fiscal and External Performance

November 9, 2025

South America to Anchor Non-OPEC+ Oil Supply Through 2030

November 9, 2025

Europe’s LNG Demand Surge Flips Global Gas Market

November 9, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.