PURC Completes Nationwide Verification of Projects Submitted by Regulated Utilities for The Major Tariff Review

PURC, has undertaken a nationwide verification of projects, which were submitted to the Commission by the Volta Reiver Authority (VRA), Ghana Grid Company Limited (GRIDCo), Electricity Company of Ghana (ECG), Northern Electricity Distribution Company Limited (NEDCo) and the Ghana Water Company Limited (GWCL) in their proposal for the major tariff review.

The exercise, which was conducted across the country, included, verification of contract documents at the Head and Regional Offices of VRA, GRIDCo, ECG, NEDCo and GWCL; Site visits were undertaken by Engineers and other staff of the Commission to electricity generating stations, transformer sub-stations and water treatment plants. The aim of these site visits was to ascertain the existence of these projects, the status of the projects, location of projects, time frame to completion of projects, impact of projects on consumers, funding sources as well as the terms and conditions of the funds. 

The exercise was undertaken to enable the Board of the Commission take appropriate decisions on the return on capital and other policy considerations and to ensure that, only prudent costs are accepted in any review of tariffs.

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