A   Power   Purchase   Agreement   was   signed   with   Balkan   Energy   Company   to   operationalize   the  125  MW  Osagyefo  Power  Barge  at  Effasu  –  Mangyea,  (2007  Annual  Report,  GPRS  II).     The  Bui  Dam  Project   Parliament   approved   a   loan   facility   of   US$562.0   million   from   the   Chinese   Government   for   the   Bui   Dam   project,   while   the   Government   of   Ghana   provided   counterpart   funding   of   US$60.0  million.  The  Bui  Power  Authority  Bill  was  also  passed  by  Parliament  to  provide  the   institutional  framework  for  the  development  and  management  of  the  hydropower  plant  in   2007.   West  African  Power  Pool   The   VRA   is   also   implementing   the   West   Africa   Power   Pool   (WAPP)   project   which   seeks   to   increase  energy  trading  in  the  West  African  sub-­‐region.     Ghana  Grid  Company   As  part  of  the  on-­‐going  Power  Sector  Reform  Programme,  an  Electricity  Transmission  Utility   (ETU),  the  Ghana  Grid  Company  (GRIDCO)  was  established.   9  electricity  sub-­‐stations  were  upgraded  to  improve  transmission.   The  ECG  also  undertook  a  Distribution  System  Improvement  Project  (DSIP)  to  improve  the   availability  and  quality  of  power  supply  as  well  as  reduce  system  losses.     Rural  Electrification   Works  on  the  government-­‐supported  electrification  of  200  communities  under  the  Self  Help   Electrification   Programme   (SHEP)   was   continued.   Works   for   57   communities   were   completed,   while   the   remaining   communities   were   between   95%-­‐98%   complete   (2007   Annual  Report,  GPRS  II).   The   US$90.0   million   electrification   project   under   the   China   EXIM   Bank/GoG   funding   commenced   in   August   2007   to   benefit   over   550   communities   throughout   the   country.   Works   also   commenced   on   the   Japanese   Government   Grant   Aid   electrification   project   for   151