The Minority in Parliament has once again in a press conference criticized the government for its management of the power sector and further proposed how to address the power challenges.
Addressing the press conference, the Ranking Member on the Mines and Energy Committee of Parliament, John Jinapor, criticized the government, saying “the obnoxious double track system has been exported to the power sector under this government.”
He however suggested how government should deal with the power challenges the country is currently faced with:
The Energy sector players must be proactive and inform (Publish a schedule) electricity consumers who will be affected by these outages in advance so that affected customers can take remedial steps to mitigate the effect of such outages.
Government must cut down on wasteful expenditure and Inject the much-needed capital into the power sector especially GRIDCo to make up for the impaired cash flow of these utilities.
Government must desist from political interference in the management of the Energy sector. Consequently, Government must refrain from engaging in political appointments especially within middle management levels when vacancies are declared.
Government and its communicators must desist from engaging in the propaganda on excess capacity and come out with a formula for absorbing capacity charges as part of operating cost.
Power sector managers must ensure that they pursue Long term planning to ensure fuel security for generating assets at the least cost possible.
Government must allow Independent Power Producers (IPPs) to take the responsibility for their fuel supply requirements.
Immediate steps must be taken to aggressively address ECG’s spiralling technical and commercial losses currently estimated by its worker unions at 34%
The Ministry of Energy must conduct a comprehensive reconciliation of the total indebtedness of all players including government and its SOEs including (GNPC, GNGC, VRA, GRIDCo, CENIT, ECG, NEDCo) in a transparent manner.
The Ministry of finance must take steps to utilize the $1 billion sovereign bond borrowed in 2020 to address the financial challenges of the Energy sector.
Government must ensure that Energy sector SOEs Publish details of their financial statements including details and ageing of their indebtedness as well as debts owed to them on time.