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February 21, 2020
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*Minority Raise Alarm Over Bloated $366M Cost of Pwalugu Hydro Power

The Minority caucus in Parliament has accused the government of bloating the cost of a 60MW Pwalugu Dam power project it plans to establish at a cost of $360 million.

The Minority led by it’s Leader, Haruna Iddrisu, at a press briefing stated the caucus disdain for the details with regards to the amount.

According to the Minority, the cost involved is equivalent to “three times Bui [Dam], three times of best practices, three times of established figures globally and it can only be four times padded with fraud.”

Mr Haruna indicated that the best practices globally place the cost between $1.5million and $2 million, citing Ethiopia’s 6,000MW Great Renaissance Dam which he believed was built with $6.4 billion should have served as benchmarks for valuation of the project.

In the considered view of the Minority, the contract is a rip-off, of taxpayers and warned the Minority would not be part of the process that approves the said deal.

“It is extremely exorbitant, prohibitively high and unjustified… It defies conscience relative to value-for-money and defines a government that parrots that it is transparent,” he added.

They also demanding that government provides details of the contractor behind the project to ensure accountability and transparency in the value chain.

President Akufo-Addo, on November 2019, cut sod for the construction of the Pwalugu Multipurpose Dam and Irrigation Project.

The project was in fulfillment of the President’s pledge to “avert the perennial flooding caused by the spillage of the Bagre Dam”, as the construction of the dam will be the permanent solution to the problem of spillage from the Bagre Dam.

 

 

Source:  Felix Nyaaba

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