CEO of Ghana based West African steel production company, B5 Plus, Mr Mike Thakwani has appealed to the government to support his company with adequate water and electricity.
The company which is under the One district one factory programme (1D1F) is finding it difficult to meet its target due to erratic power supply.
According to the CEO, the government’s assurance committee from parliament, during a working visit to the manufacturing site noted the many challenges facing the company, including scarcity of water and inadequate power supply, but unfortunately nothing has been done.
He lamented the huge sums of investment made in the private sector even in the face of the hardship imposed by the outbreak of COVID-19. Mr Mike Thakwani is therefore appealing to government to put in place a mechanism that will guarantee maximum power supply.
According to Mr. Thakwani, the company’s production capacity has drastically reduced to 30% due to inadequate supply of water and electricity. This is because the Electricity Company of Ghana (ECG), is unable to make available the 40 megawatt the company requested even though B5 Plus needs 100 megawatts of power for efficient production.
A tour of the factory in Prampram revealed staff had to work only at night due to the water and electricity challenges, a situation which is causing a lot of inconveniences to the company. The situation is however compounded by fluctuating power and lack of prior announcement from the ECG.
Mr Mike Thakwani therefore appealed to the government to supply his outfit with the needed amount of water and electricity to enable them increase production and cut excess losses in order to keep the company afloat to support government’s Ghana Beyond Aid and Made in Ghana agenda.