Government has substantially completed a renegotiation and restructuring exercise of Power Purchase Agreements (“PPAs”) with 6 operational Independent Power Producers (“IPPs”), namely, Karpower, Cenpower, Early Power, Twin City Energy (formerly Amandi), AKSA Energy and CENIT Energy, Finance Minister, Kek Ofori-Atta stated in the 2023 Budget and Economic Policy.
This is part of efforts to ensure power is affordable for industrial, commercial and residential use.
Also, government has pursued cost-cutting and green initiatives, including conversion to a tolling model, refinancing of expensive debt, profiling of tariffs and switching power plants from imported liquid fuel to locally produced natural gas as primary fuel.
On connectivity to the national grid, a total of 157 communities were linked to the national grid as of September 2022.
To this end, the Ministry of Energy will further connect an additional 400 towns under the SHEP-4, SHEP-5 and Turnkey Projects in 2023.
Latest Stories
-
George Twum-Barimah-Adu pledges inclusive cabinet with Minority and Majority leaders
29 mins -
Labourer jailed 5 years for inflicting cutlass wounds on businessman
30 mins -
Parliament urged to fast-track passage of Road Traffic Amendment Bill
31 mins -
Mr Daniel Kofi Asante aka Electrician
31 mins -
Minerals Commission, Solidaridad unveils forum to tackle child labour in mining sector
36 mins -
Election 2024: Engagement with security services productive – NDC
38 mins -
Retain NPP for the good of Ghana – Rebecca Akufo-Addo
38 mins -
‘Let’s work together to improve sanitation, promote health outcome’ – Sector Minister urges
39 mins -
Ellembelle MP cuts sod for six-unit classroom block at Nkroful Agric SHS
42 mins -
‘I’ll beat the hell out of you if you misbehave on December 7’ – Achiase Commanding Officer
45 mins -
AFPNC leads the charge on World Prematurity Day 2024
51 mins -
Court remands unemployed man over theft of ECG property
57 mins -
Election security rests solely with the police – Central Regional Police Command
59 mins -
NCCE engages political youth activists at Kumbungu on tolerance
59 mins -
‘In Mahama’s era students lacked chalk, but are now receiving tablets’ – Bawumia
1 hour