46
November 2020
November 2020
THE NEW VRA
“To become a Resilient,
Sustainable & Growing Multi-
Business Holding Company”
Financial Sustainability
Improving Internal Business Processes, O&M
and CAPEX Excellence
Investment in Renewables
“ Build and Develop VRA’s
Human Capital”
VRA
Beyond
Aid/
GoG
Support)
m
Leadershi
p in
Climate
Change
Agenda
Our
Business Is
About
People
Meeting
the needs
of the
Consumer
2,6302,878
2018 2019
Cost of Sales - GHSm
3,001
3,891
2018 2019
Revenues - GHSm
449 433
2018 2019
Administrative Costs - GHSm
156 148
2018 2019
Financial Expenses (excl. Lease Costs) –GHSm
591
831
2018 2019
Operating Profit - GHSm
-220
-127
2018 2019
Net Profit - GHSm
12% National Energy growth; VRA increased from 60% in 2018 to 64% in 2019
2018 2019
2018, 15,962
2019, 17,890
Ghana Energy Demand - GWh
VRA64%
IPPs36%
MARKET SHARE
ECG44%
NEDCo12%
EPCL2%
Export Customers13%
Mines12%
Bulk Customers 2%
Transmission & Sytem Use 7%
VALCO8%
Hydro generation was 5,044GWh (52%) in 2018 and 6,208GWh (55%) in 2019
Hydro55%
VRA Thermal 30%
Solar 0.03%
Puchases & Imports 15%
Hydro VRA Thermal Solar Puchases & Imports
97.2% 96.9%
76.9%
16.5%
71.89%
19G1 19G2 19G3 19G4 PLANT AVERAGE
Un
it A
vaila
bili
ty(%
)
Kpong GS Unit Availability Factor for January - December 2019
96.63% 97.06% 96.00% 96.86% 96.50% 96.37% 96.57%
1G1 1G2 1G3 1G4 1G5 1G6 PLANT AVERAGE
Akosombo GS Performance January - December 2019
Un
it A
vaila
bili
ty
Net Inflow for 2019 was 33.43 MAF
89% 90%
42%
82%
63%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
KTPP TT1PP TAPCO AMERI T2
2019 Availability Factor
PLANT AVAILABILITY - DECEMBER 2019
90%
100%98% 98%
100% 100% 100% 100% 100% 100% 98% 99%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPT. OCT NOV. DEC.
Navrongo Solar Power Plant Availability & Capacity Factor for Jan - December 2019
2019 Plant Availability
2,5
62
2,6
92
67
5
55
8
39
3
2,6
33
2,4
81
42
9
46
4
39
6
3,0
01
2,6
30
44
9
15
6 40
3
3,8
91
2,8
78
43
3
14
8
60
5
REVENUES COST OF SALES ADMIN COSTS FINANCIAL EXPENSES EXCHANGE LOSSES
VRA FINANCIAL HIGHLIGHTS - GHSM
2016 2017 2018 2019
-1,3
20
-43
1
-22
0 -12
7
2016 2017 2018 2019
Net Profit - GHSm
2016 2017 2018 2019
Customer Demand - GWh
ECG NEDCo EPCL Export Mines VALCo Bulk Customers Transmission & Substation Use
10.89 10.62 10.65
9.01
0.00
2.00
4.00
6.00
8.00
10.00
12.00
2016 2017 2018 2019
Average Cost of Thermal Gen - US$cents/kWh
72.08%
59.09% 60.29%
83.12%
2016 2017 2018 2019
Plant Availability ( Thermal Generation)
90.42% 91.33% 92.26% 93.28%
2016 2017 2018 2019
Plant Availability ( Hydro Generation)
Head Office SolarTema R&M Station
Kpong Retrofit Lawra/Kaleo Solar
Pwalugu Hydro Project
Dodi Princess IIVolta Place
Akosombo Passenger Lounge Akosombo Eye Clinic
Akosombo School
Complex Renovation
Aboadze JHS
Complex
Corporate SCADA System KTPS Combined Cycle
Kaleo Phase 2 75MW Wind Farm
Up & Coming
VHSL VRA Schools
VLTCAHL
PROPCo
Kpong Farms
WEST KPONG METHODIST PRIMARY SCHOOL AT WEST KPONG RESETTLEMENT COMMUNITY
Digitization & Automation
Combining Public Sector Excellence with Private Sector Mindset
Digitization & Automation
Wind, Solar & Biomass
Akosombo Smart City Project
