Home   >   Business   >   Economy   >   201703
Letsa Welcomes Italian Investors To Volta Region   
 
  << Prev  |  Next >>
 
28-Mar-2017  
Comments ( 1 )     Email    Print
       
 
 
 
Dr. Archibald Yao Letsa
 
Related Stories
 
Dr. Archibald Yao Letsa, Volta Regional Minister, has reiterated his resolve to make the Region an investment destination and beckoned investors to explore the Region’s virgin market.

“Volta is the choice now. Opportunities abound here and we welcome investors as we inch towards becoming the centre of attraction,” he said when a consortium of investors in mini hydro dams from Italy paid a courtesy call on him.

Dr Letsa told the investors that the Region was ready for industrialization and that there was no turning back and charged them to fast track their project to create jobs and increase economic activities in the Region.

The consortium- Lighting and Construction Africa Company Limited and EQD had done feasibility assessment of nine potential sites and now doing economic feasibility study for the construction of mini hydro dams in the Region.

A mini hydro dam is a type of hydroelectric power unit that could produce from five kilowatts to 100 kilowatts of electricity using natural flow of water. The installations could provide power to small communities.

The consortium already had provisional license from the Energy Commission to construct the dams in Dodi Papase, Wli Waterfalls, Tsatsadu Waterfalls, Hohoe and Afife among others.

Fabrizio Breganni, a spokesman for the Consortium, last year told the Ghana News Agency that the dam to be constructed on the Wli Falls in the Hohoe Municipal area seemed the earliest to come on stream, should all stakeholders commit themselves to work towards realising the time line.

He said four technologies to be applied in developing the plants would reflect the respect for the environment; sustainability; and growth to achieve balance between humans and nature; and the economy.

Mr Breganni said findings indicated that the topography and nature of the water bodies on which the dams would be built were congenial for the projects.

The investors were in the country at the behest of Togbe Afede XIV, the Agbogbomefia of Asogli and President of the National House of Chiefs.
 
 
Source: GNA
 
 

Comments ( 1 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
Featured Video