Authorities has considerably accomplished a renegotiation and restructuring train of Energy Buy Agreements (“PPAs”) with 6 operational Unbiased Energy Producers (“IPPs”), specifically, Karpower, Cenpower, Early Energy, Twin Metropolis Power (previously Amandi), AKSA Power and CENIT Power, Finance Minister, Kek Ofori-Atta said within the 2023 Finances and Financial Coverage.
That is a part of efforts to make sure energy is inexpensive for industrial, industrial and residential use.
Additionally, authorities has pursued cost-cutting and inexperienced initiatives, together with conversion to a tolling mannequin, refinancing of pricy debt, profiling of tariffs and switching energy vegetation from imported liquid gas to domestically produced pure gasoline as main gas.
On connectivity to the nationwide grid, a complete of 157 communities had been linked to the nationwide grid as of September 2022.
To this finish, the Ministry of Power will additional join a further 400 cities below the SHEP-4, SHEP-5 and Turnkey Initiatives in 2023.
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