The Volta River Authority has assured Ghanaians that is it committed to ensuring a sustainable Electricity production to ensure that adequate power is produced to meet supply needs.
The Chief Executive Officer of VRA Edward Obeng Kenzo since assuming office has embarked on a mission to motivate staff to enhance their operational efficiency to deliver their utmost for efficient power supply.
Reports from VRA indicates that staff and management are in high spirit as CEO engages them constantly to solving prevailing operational challenges aimed at paving way for smooth power production and distribution .
VRA is also working out modalities with stakeholders to generate adequate resources to beef up production. In recent times, the CEO, Edward Obeng Kenzo, has embarked on a mission to redeem all debts owed by customers and the move, according to Energy and Financial Analysts, is working efficiently.
Edward Obeng Kenzo has brought a new spirit into VRA and that seems to be working efficiently and effectively with staff motivation being a priority.
VRA is sincerely on a mission for growth with a good record of operational growth and profit earning. It recorded a profit of ¢110.893 million in 2022, based on Auditor General’s 2022 Report. In 2021, the Authority registered a profit of ¢112.758 million.
According to the 2022 Auditor General Report, total income increased by 34% to ¢5.628 billion in 2022, from ¢4.199 million in 2021. The increase in total income was due to a 38.7% increase in revenue from power sales.
Current Assets of VRA also increased by 36.1% from ¢8.631 billion in 2021 to ¢11.751 billion in 2022 due to an increase in trade and other receivables.
Similarly, Current Liabilities recorded an increase of 26.2% from ¢6.861 billion in 2021 to ¢8.659 billion in 2022. This was due to an increase in trade payables from ¢6.404 billion in 2021 to ¢8.363 billion in 2022.
It is quite remarkable that we are seeing a state agencies like VRA well positioned to make profit, an indication of good and quality leadership at the helm of affairs. This is an indication that when you put good leaders in strategic position they deliver and that is what we are seeing today.
Edward Ekow Obeng-Kenzo is an accomplished Business Executive, focused on supporting cross functional teams in achieving exceptional, mission critical results in highly competitive environments that demand continuous improvement to increase return on investment (RoI) and deliver customer satisfaction.
Obeng-Kenzo has 24 years’ experience in the power sector. He holds a Master’s Degree in Public Administration (MPA) and a Bachelor of Science Degree (BSc Hons) in Mechanical Engineering from the Kwame Nkrumah University of Science and Technology.
He is a member of the Ghana Institution of Engineering.
Prior to his appointment into his current position, Obeng Kenzo served as the Director, Thermal Generation SBU, Plant Manager, Tema Thermal Power Complex (TTPC), Operations Manager, TTPC and Project Manager, Tema Thermal 2 Power Project, (49.5MW Siemens Emergency Power Plant).
Key responsibilities: provides strategic direction and leadership to the Departments in the Engineering and Operations branch to innovate and improve their efficiencies to ensure VRA stays a market leader.
Departments: Hydro Generation, Engineering Services, Technical Services, Environment & Sustainable Development, Commercial Services, Thermal Generation, Strategic Projects among others.
