Power infrastructure sector reforms, Power Generation, and Private Investments: Case Study from Ghana's Power Sector

Owusu-Manu, D. and Parn, Erika and Kutin-Mensah, E.K. and Edwards, D.J. (2018) Power infrastructure sector reforms, Power Generation, and Private Investments: Case Study from Ghana's Power Sector. Journal of Infrastructure Systems, 24 (3). ISSN 1076-0342

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Abstract

This paper assesses the impact of power infrastructure investments in the developing economy of Ghana following sector restructure and reform and develops a forecasting model for predicting the future trend in electricity generation and electricity tariffs. Secondary data sourced via the World Bank Public-Private Infrastructure Advisory Facility (PPIAF)/Private Participation in Infrastructure (PPI) Project Database for the period 1994 to 2013 and Energy Commission for the period 2000 to 2014 were used to analyze Ghana’s power generation statistics using descriptive, exploratory data analysis and polynomial prediction models. Results reveal that reform has stimulated independent power producer (IPP) investment, particularly in thermal generation capacities to complement hydro alternatives. It is predicted that in the medium term the electricity tariff will continue to rise while electricity generation will decline if additional investments in power infrastructure are not made. This paper provides a case study that critically appraises Ghana’s power sector reform; exposes the gap between policy implementation and policy objectives attainment; and proposes a simple yet novel polynomial prediction model that can facilitate short-to-medium term planning of generation and tariff management.

Item Type: Article
Additional Information: This material may be downloaded for personal use only. Any other use requires prior permission of the American Society of Civil Engineers. This material may be found at https://ascelibrary.org/doi/10.1061/%28ASCE%29IS.1943-555X.0000423
Uncontrolled Keywords: Private investments; private sector participation; restructuring; power sector reform; independent power producers; models; forecasting.
Subjects: H200 Civil Engineering
K900 Others in Architecture, Building and Planning
Divisions: REF UoA Output Collections > REF2021 UoA13: Architecture, Built Environment and Planning
Faculty of Computing, Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
Depositing User: Euan Scott
Date Deposited: 07 Feb 2019 15:47
Last Modified: 07 Feb 2019 15:47
URI: http://www.open-access.bcu.ac.uk/id/eprint/6640

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