Tag: Energy
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There’ll be systematic power outages in May – Energy Minister
Ghanaians would have to brace up themselves for more power outages in May 2021. According to the Minister of Energy, Dr. Matthew Opoku Prempeh, there will be an erratic power supply in May due to the ongoing upgrade of the Kasoa and Pokuase substations. Speaking at a forum in Accra on Thursday, April 8, 2021,…
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Help reduce debts in Ghana’s energy sector – Government to IPPs
Government has called on Independent Power Producers (IPPs) in the country to help reduce debts and provide a stable energy supply for Ghanaians. The advice comes after the government successfully secured terms for an amended Power Purchase Agreement (PPA), with CENIT Energy Limited (CEL), a Ghanaian independent power producer. Per the agreement, CEL has decided…
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Government secures amended power purchase agreement with CENIT Energy
Government and CENIT Energy Limited (CEL), a Ghanaian independent power producer, have successfully secured terms for an amended Power Purchase Agreement (PPA). Per the agreement, CEL has decided to convert its power plant into a tolling structure and transfer all resulting cost savings to ECG. A statement issued by the Public Relations Unit of the…
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IPPs to be paid after renegotiation of excess capacity charges – Adu Boahen
A Deputy Minister of Finance, Charles Adu Boahen, says plans are in place to pay arrears owed Independent Power Producers, IPPs in the country. The assurance comes after the Chamber of Independent Power Producers and Bulk Consumers expressed disappointment over government’s silence on the debt of about USD$1.4 billion owed them in yesterday’s Mid-year budget…
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Make provision for our $1.4bn debt in mid-year budget – IPPs to Gov’t
Ahead of the presentation of the 2020 Mid-Year Budget Review in Parliament on Thursday, July 23, the Chamber of Independent Power Producers and Bulk Consumers, CIPDiB, is asking government to capture the payment of the about USD$1.4 billion debt owed them in the budget. According to the Chamber, which is made up of the Sunon-Asogli…
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Beatrice Annangfio writes: Ghana sleeping on renewable energy adoption
“All across the world we are noticing growth. Technology growth is the driving principles that are developing renewable energy resources. But Ghana seems to be missing in the puzzle. Renewable energy is a fright to policy makers” – Nana Amoasi VII, IES Executive Director. Across the world, access to energy is deemed as essential for…
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Transition to renewable energy not an European solution, it’s in Africa’s interest – IES
The energy landscape’s transition to renewables is a global panacea for the high energy cost and sustainable development, and not a European solution. Policy makers in Africa must as part of the exploitation of fossil fuels consider also the abundant renewable energy resources, freely at their disposal. Countries in the West and the oriental have…
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![Ghana must deploy the renewables to achieve universal electricity access by 2025 [Article]](https://citibusinessnews.com/wp-content/uploads/2020/03/Anamua-Sakyi-2-750x375-1.jpg)
Ghana must deploy the renewables to achieve universal electricity access by 2025 [Article]
Globally, access to substantial quantity and quality energy infrastructures have been found as essential to rapid and sustainable socio-economic development. According to the International Energy Agency (IEA), modern energy services, particularly, electricity and gas have an effect on productivity, health, education, safe water, and communication services. Ahali (2015) finds the extensive use of electric powered…
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New powership to add 470MW to national grid
Karpowership Ghana Company Limited has reiterated its commitment to the supply of uninterrupted and consistent electricity to the national grid. This assurance was given at the inauguration of its new 470 megawatts Karadeniz Powership Osman Khan at the Tema main harbour yesterday [Thursday] to help in the supply of consistent electricity power in the country.…
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Dumsor must stay in the past – President Akufo Addo
President Nana Akufo-Addo has charged the Minister nominee for the Energy Ministry, Boakye Agyarko, to work to avert dumsor permanently. According to the President, Mr. Ayarko’s major challenge upon approval by Parliament, would be to prevent a power crisis. “What he has to do is to assure the Ghanaian people that dumsor is going to…