Acting Managing Director of the Electricity Company of Ghana, Ing. Kwame Kpekpena, has reiterated the company’s commitment to strict compliance with the Cash Waterfall mechanism.
He affirmed the energy distributor’s resolve to have all players within Ghana’s electricity supply chain, especially Independent Power Producers (IPPS), paid to ensure that the country enjoys stable power supply.
The Cash Waterfall Mechanism (CWM) is a transparent and equitable revenue distribution framework to manage electricity sector payments.
It ensures that revenue collected by the Electricity Company of Ghana (ECG) is distributed proportionally among sector players including Independent Power Producers (IPPs) and state-owned enterprises (SOEs) to reduce payment gaps and sector debt
Ing. Kpekpena gave the assurance during a working visit with a delegation of the ECG governing board and Ashanti management to the Aksa generation plant at Anwomaso in Kumasi.
“Currently, our revenue collection has improved, and the economic indicators are better, so we are able to pay all IPPs and we will continue to do so because we believe having a stable power supply in the country will go a long way to boost the economy of Ghana and delight our customers,” Ing. Kwame Kpekpena said.
The Aksa Plant, which became operational in January 2026, is currently generating 123 MW to the national grid from its Anwomaso station.
Ing. Kpekpena touted the potential of Kumasi as a third-generation hub in the country and pledged ECG’s support to ensure all Power Producers in Kumasi operate smoothly.
“Kumasi is one of Ghana’s largest cities and the Ashanti Region has a lot of developmental opportunities so establishing a generation hub in Kumasi as the middle belt is a step in the right direction to improve power accessibility in the Region”, he said.
Currently, the plant is operating at 123MW out of its 205MW energy generation capacity as management of the plant targets full completion in the coming months.
Country Manager of Aksa Energy, Murat Captug, assured the delegation that they are working assiduously to complete the second phase of the project in April 2026.
Ing. Kwame Kpekpena appealed to the company to commit to its assurance to finalise the full works, adding that “the new plant is crucial to Ghana’s electricity supply chain because once completed it will boost Ghana’s generation capacity and address power supply deficits in the middle belt of Ghana”.
The project once completed will boost energy supply and improve voltage stability to households, hospitals, schools, businesses and factories in the Ashanti Region.
Meanwhile, Board Chairman of ECG, Ing. Dr. William Amuna lauded the Acting Managing Director for ensuring fiscal discipline at the ECG to enhance operational efficiency.
He added that the power distribution company is developing an innovative strategy to fight illegal connection to rake in more revenue to keep the electricity supply chain functioning and reduce system losses.
The ECG delegation which included the General Managers and Regional Engineers of Ashanti East, West, South and Sub-transmission also visited the CENIT plant at Anwomaso.
The CENIT plant is also expected to generate 110MW to the national grid by June 2026.
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Source: www.myjoyonline.com