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VideosDecember 04, 2023
AlphaTND Limited: Pankaj Bhati Discusses Challenges Faced by the Power Sector in Ghana
- Written by Sandra Francisco
- Published: December 04, 2023
Pankaj Bhati, Chairman and Managing Director at AlphaTND Limited, gives an overview of the power sector in Ghana and discusses challenges to be faced.
"AlphaTND Limited operates in the power sector, with a primary focus on electricity and its associated network expansion. In the context of Ghana, the sector has been grappling with a significant financial crisis, primarily due to concerns about its sustainability. Independent Power Producers (IPPs) have struggled to receive payments from utilities, while utilities have faced difficulties in collecting funds from their customers. This disruption has caused a breakdown in the entire value chain, ultimately threatening the sector's sustainability. Over the last six to eight months, the government has implemented several measures to address these challenges. As a result, we anticipate that the sector will be back on track within the next six months. The Electricity Company of Ghana, a major electricity provider in the country, has played a crucial role in this revival. Its leadership has taken steps to boost revenue collection and ensure payments from end clients. This, in turn, will help reduce financial losses and enable them to compensate suppliers and power producers. Previously, this entire payment chain had broken down, leading to a financial crisis in the sector. It is important to acknowledge that in today's global landscape, no government can sustainably support a sector by providing 100% subsidies. Subsidies can only cover a portion of the expenses, not the entirety", says Pankaj Bhati.
"AlphaTND is primarily a techno-commercial organization. We have a substantial 15-year presence in Africa. This extensive experience has allowed us to tailor our products to meet the unique local conditions. Unlike some competitors who import products designed for other regions, we custom-design our products to align with the local environmental, electrical, and social conditions. This adaptability sets us apart from our competition", he adds.
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