POWER SECTOR(ECG FIF

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The Fifth Power Project will continue the ongoing sector policy reforms started under the power rehabilitation project. It will comprise institutional development, investment, and sector planning components. Institutional development will focus on the commercialization of the Electricity Corporation of Ghana (ECG) through (a) completion of the management reorganization; (b) financial restructuring; (c) a performance contract with the government to improve ECG's efficiency as a power utility; (d) a manpower reduction, staff development and training program; and (e) a program of technical assistance from a mature power utility. The investment component will consist of ECG's total capital expenditure through 1992, comprising subtransmission, distribution and telecommunications equipment, tools and materials, vehicles, and staff housing. A sector development strategy will be formulated through studies of long-term subtransmission and distribution expansion needs.