1D1F steel factory ‘cries’ for power

[vc_row][vc_column][vc_column_text]Steel and iron manufacturer, B5 Plus Limited—a company established under the One District, One Factory (1D1F) programme—has appealed to government to urgently step in and ensure that the company has enough power and water for its production.  In a distress message, CEO of the company, Mukesh Thakwani, has called on government to step in to salvage the situation in order to sustain the company’s expansion agenda.

“Under 1D1F we were told we will get electricity and water at our doorsteps but as of today we are not able to get our regular supply of electricity and water with a lot of fluctuations, it is becoming very difficult for us to work in this environment,” he told Parliament’s Government’s Assurance Committee on their tour of the facility. Mr. Thakwani also raised concerns about encroachment on its titled lands which is hindering its expansion efforts.

“We ask our dear government to look into the land litigation cases, they are big concern to us. Once we have a clear land title, I think the investor should not be troubled. As of today, we still facing the same issue; if it is resolved, we can move into Phase 2 and Phase 3 of our project, which will enable us to employ more than 10,000 people.

The company’s woes, should government fail to intervene, could place the livelihoods of hundreds of Ghanaian employees at risk. The tour of B5 Plus was to enable the parliamentarians to familiarize with the challenges of the company as presented to them by the Trade Ministry.

“We needed to come and witness for ourselves the various challenges of the company based on the report we received from the Trade Ministry and to observe the company’s performance as a 1D1F company.

“It is a big company and they have made huge investments, so l will appeal to these institutions to quickly intervene and supply water and electricity respectively,” Chairman of the Government Assurances Committee, Collins Owusu Amankwah, said.

He also asked utility service providers to, as a matter of urgency, sit with management of the company to address their concerns.

When the factory fully expands, it is expected to produce different types of steel products which were hitherto imported. The factory sits on 377 acres of land, with 15,000 production tonnage per month earmarked.
Government, through the Ministry of Trade and Industry, aims at establishing at least one medium-to-large-scale factory in all 254 districts of the country under the ‘One District, One Factory’ programme.

The programme is private sector-led, with government facilitation and support in terms of incentives and provision of infrastructure.
It also seeks to achieve specific objectives which include the following: the creation of massive employment, particularly for the youth in rural and peri-urban communities, thereby improving income levels and standard of living as well as reducing rural-urban migration; adding value to the natural resources of each district; and exploiting the economic potential of each district based on its comparative advantage.[/vc_column_text][/vc_column][/vc_row]

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