Energy Minister

Hon.Boakye Agyarko, the Minister for Energy, has inaugurated eleven member Electricity Market Oversight Panel (EMOP) board, that is expected to commence operations immediately, to give credence to the commitment of government to build a robust and competitive power sector.

The EMOP membership he said, was made up of institutional representation recommended by the L.I.1937, nominations by market participants and experts appointed by the Minister of Energy. And the members as per the EMOP regulation 19(1) he said, shall hold offices for a term not exceeding 3years per term, up to a maximum of 2 years.

Whereas regulation 17(1) of the L.I 1937, constitutes the 11-member EMOP as Mr. Michael Opam as chairman, Executive Secretary of EC, Executive Secretary of PURC, Chief Executive of GRIDCo, Head of System Operations at GRIDCo, Ebenezer Baiden, Samuel K. Desouza, Nana Osae Nyampong VI, Abubakari Obuama Addy, William Amuna, all as members and Mr. Eric Kyem, as the Administrator of the Board.

According to him, the day-to-day administration of the EMOP, would be coordinated by the EMOP Administrator, where he would be supported by a secretariat established by the Energy Commission.

Saying, they are to monitor the general performance of electricity transmission and as well ensure the smooth and efficient operation of the wholesale electricity market, the pre-dispatch schedules and ensure long-term optimization of hydro-electricity supply sources in the country and among other functions.

Mr. Boakye Agyarko however, changed the EMOP, to prioritize the optimization of the fast depleting hydro resources of the country, to ensure the finalization of the various manuals and other governance documents of the Wholesale Electricity Market (WEM), which has been in existence for over 9 years and as well work hard to restore confidence in the power sector of Ghana in order to attract the needed investment.

Meanwhile, the chairman of the board Mr. Michael Opam, who is a diplomat, on behalf of the members, expressed their gratitude to H.E Nana Addo Dankwa Akufo Addo for the privilege and confidence bestowed on them.

Saying, the board however, recognizes the enormous responsibilities charged on them and they would therefore work tirelessly to manage whatever resources available to them to ensure the restoration of confidence in the power sector of Ghana to attract the needed investment as expected.

By:Sammy Adjei/Newsghana.com.gh

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.