WAPCo to upwardly review tariffs with government consent
The Managing Director of WAPCo, West African Gas Pipeline Company (WAPCo), Walter Perez has told journalists about a possible tariff review in the future with the government of Ghana to enable reliable gas supply. According to him, the agreement with the government of Ghana to supply gas to the Volta River Authority (VRA) will expire at the close of 2018 to pave way for the renegotiation of the tariff.
“We are prepared to look at the tariff, we do this every five years I think the current tariff expires at the end of 2018, between the West African Gas Pipeline Authority and WAPCo, we will be looking at how to establish new tariff going forward,” he assured.
He maintained that the business of energy and power in the sub-region is fast changing, hence requires dynamic steps to address pertinent issues related to the industry. “Make no doubt about it, business is changing so we have a set of foundation contract which we have established with the
VRA on how to establish tariff going forward,” he stressed.
The WAPCo boss revealed that his oufit is already engaging the VRA and the Ministry of Petroleum to design different tariff system.
“Going forward, there are other contracts in the works and I think it will call for different way and approach in tariff for the pipeline, it is work in progress. We recognize that the tariff period in which we are expires in 2018 and we need to start working now to be ready when it’s over. We will find a solution, I don’t see tariff being an impediment to doing business,” he said.