|NEDCo’s current operations extend into the northern parts of Volta, Ashanti and Western regions. Although NEDCo’s operations cover about 64% of the geographical area of Ghana, the customer density of the operating area is low with access to electricity in the NEDCo operating area put at about 36% as at the end of 2011. The Ghana Government, in line with its vision of making electricity available to all by year 2020, has undertaken power extensions over the years to new towns and communities that were hitherto not served by NEDCo. Customer population has thus grown from less than 20,000 in 1987 to over 380,000 in 2011.
VRA Management has now taken the decision to fully operationalise NEDCo. On May 8, 2012, NEDCO was, therefore, officially inaugurated and a new Board of Directors was sworn into office on the same day.
The full operationalisation of NEDCo as a VRA subsidiary seeks to achieve the following objectives:
- Make NEDCo economically viable and sustainable by attracting additional resources from both external and internal sources to supplement VRA’s on-going support of the current NEDCo operations. In this arrangement, NEDCo will also be able to deal directly with multilateral agencies such as the World Bank, JICA, IMF, etc for financial support to prosecute its business agenda. It is important to note that the present support from VRA is inadequate because of equally competing demands from other departments.
- Empower NEDCo to manage its own affairs more effectively by providing it with the right organisational structure and corresponding authority. Thus, NEDCo management will have the authority to take timely and appropriate decisions on customer issues and challenges to improve service delivery without recourse or reference to VRA.
- Empower NEDCo to streamline key procedures and decision-making processes in respect of procurement of its strategic equipment and spares, construction of needed office buildings and staff training and development, all of which are critical to efficient service delivery to our cherished customers.
- Empower NEDCo to deal directly with Government and regulators such as the PURC, EC on key issues pertaining to its viability and sustainability. For instance, NEDCo will be illegible to file a tariff proposal to PURC separate from what is filed by VRA.