Tag: take or pay
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Chamber of IPPs kick against gov’t’s plan to buy some of them with $2bn energy fund
The Chamber of Independent Power Producers, Distributors and Bulk Consumers [CIPDiB], wants the government to reconsider its decision to use a proposed two billion dollar energy sector fund to re-finance the existing debt and buy some Independent Power Producers. The Chamber contends that the move will not augur well for the country’s energy sector, as…
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Gov’t begins discussions with IPPs on take or pay agreements
The Ministry of Finance has stated that it has commenced discussions with independent power producers on restructuring pricing mechanism surrounding the power they supply to government. A press release issued by the Ministry said the discussion is expected to last three months. According to the Ministry, the meeting is part of the Government’s approach to…
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Spending over 96% of supplementary budget on debts is crucial – Prof. Quartey
Government’s decision to use almost 97% of its supplementary budget to pay debts may be described as better late than never. That is the position of the Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey. His comments come on the back of analysis by Citi Business News…