Kasapreko adopts renewable energy
Kasapreko Company Limited (KCL) is embarking on a project to generate over 30 per cent of its power from solar energy.
This is aimed at reducing its dependence on the Electricity Company of Ghana for power and cutting down its power cost by at least 50 per cent.
The company currently buys over 3.3 mega volts of power from the Electricity Company of Ghana (ECG), which is used to power its plants, at a cost of GH¢350,000 monthly.
The Technical Director, Mr Kwame Dickson, who spoke to the GRAPHIC BUSINESS when a group of students from the Harvard Business School visited the company, said it intended to generate about 1.5 mega volts of power from solar energy, which would take care of its lighting and low current systems.
He added that the company it currently had of a 16,000-metre cube of roofing sheets and it intended to place solar panels on them to generate the power.
The project is set to be completed within a year.
Harvard Business School visit
A team from Harvard University in the United States visited Kasapreko Company Limited as part its 10-day field tour in Ghana.
Led by an Assistant Professor of Business Administration of the Harvard Business School (HBS), Professor Dina Pomeranz, the team of 60 students familiarised themselves with the company’s operations and how a world-class brand like Kasapreko has grown to greater heights.
The students were met by Kasapreko’s Group Chairman and Founder, Dr Kwabena Adjei; the CEO, Richard Adjei, as well as other senior management personnel.
The students were taken around the factory and they toured the new $70 million bottling plant which was recently inaugurated by President John Mahama.
Prof. Pomeranz said the future of business depended on emerging markets such as Africa.
“There is so much potential here in Ghana and we want our students to learn how to do business in a different culture and context,” she said.
Touching on business in Africa, she called for collaboration between African markets, adding that this will help grow the continent.
She also urged entrepreneurs not to give up because business growth was coming soon.
“The education here is now improving so they will have employees with better skills to develop their businesses,” she added.
The Group Chairman of KCL, Dr Kwabena Adjei, advised the students to see themselves as the future of the world.
He said as upcoming business people, they should be ready to take punches and make things possible.
He also urged them to be self-disciplined since that was the basic rule in doing business.
“You will end up sacking yourself from business if you are not self-disciplined,” he stated. — GB
