Energy Minister nominee John Abdulai Jinapor revealed that the government has no intention of privatizing the state-owned assets in the energy sector.
During his vetting process on January 13, 2025, he argued that the Volta River Authority and Bui Power Supply’s combined efforts account for nearly 45% of the nation’s energy supply, a vital resource that the government intends to keep within public hands to ensure national energy security.
Instead, the government plans to merge Bui Power Supply and Volta River Authority into a single holding company, overseeing three major subsidiaries: hydro, thermal, and renewable energy components.
This is aimed at streamlining operations and improving efficiency within the energy sector while ensuring that key assets remain under state control.
He emphasized that the new holding company would be controlled by the Volta River Authority (VRA) and Bui Power Supply, the two state-owned entities that manage a significant portion of Ghana’s energy resources.
According to Jinapor, the merger would allow these bodies to determine the operational direction of the subsidiaries, ensuring a coordinated and strategic approach to the country’s energy production and distribution.
“When merged, the assets will form a holding company with three subsidiaries: hydro, thermal, and renewable energy. These components will all fall under one umbrella but remain under the control of VRA and the Bui Power Authority. They will decide how to manage and develop the operations. We have no intention of privatizing these assets, as they account for about 45% of our national energy supply. It is a strategic decision to retain public control over these critical resources rather than placing all our energy assets in private hands”.
Source: Ghana/Starrfm.com.gh/103.5FM/Deborah Amuzu
