ECG To Embark On Nationwide Prepaid Meters Installation To Curb System Inefficiencies

The Electricity Company of Ghana (ECG) has hinted that it will soon embark on a nationwide installations of prepaid meters in order to cu...


The Electricity Company of Ghana (ECG) has hinted that it will soon embark on a nationwide installations of prepaid meters in order to curb the inefficiencies in the system and revenue losses which in recent times is affecting its operation.

Information gathered by the World Bank shows that the ECG has lose an estimation between 30 and 40 percent of  expected revenue from the power it distributes and that leads to huge debts that have hampered its operations over the years.

Speaking at the launch of the Direct Savings and Loans Company in Accra, the Vice President, Dr. Mahamudu Bawumia, indicated that financial institutions are carrying large debts on their books from the energy sector, arising largely from the failure of the ECG to recover costs for power consumed and the time may be right to take some radical but essential measures to resolve it

By: www.BravoAfrica.Org

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News Africa: ECG To Embark On Nationwide Prepaid Meters Installation To Curb System Inefficiencies
ECG To Embark On Nationwide Prepaid Meters Installation To Curb System Inefficiencies
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