Tag: Power Purchasing Agreements
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Unveiling the cost implications of PPAs in a deregulated energy market [ARTICLE]
Power purchase agreements (PPAs) constitute a cornerstone of energy transactions in deregulated markets, shaping the financial landscape of power generation and consumption. This article delves into the multifaceted cost implications of PPAs within a deregulated energy market, exploring the intricate web of pricing dynamics, risk management, and economic considerations that underpin these agreements. By dissecting…
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Alex Mould Writes: Revising take or pay agreements may jeopardise power sector investments
The ill-advised statement by the Finance Minister to renegotiate all take-or-pay power agreements to take-and-pay will certainly have negative repercussions. It will scare away prospective investors not only in the power sector but even more in the development of any future gas Exploration and Production (E&P) field. If investors agree to take-and-pay agreements, the government…
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Gov’t to annul take or pay power agreements; targets saving GH¢2.5bn annually
The Finance Minister Ken Ofori-Atta has indicated that government will from August 1, 2019, cancel all existing power purchasing agreements which require the government to pay for power even if it is not consumed. According to the Finance Minister, such arrangements largely signed under the previous government costs the government more US$500 million in power…