Cost of Power Nana Addo reaffirms his promise to reduce cost of power

President Nana Akufo-Addo said that even though his government supports the private participation in the energy sector, it will not allow for the ordinary Ghanaian to be exploited

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President Nana Addo Dankwa Akufo-Addo play

President Nana Addo Dankwa Akufo-Addo

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President Nana Addo Dankwa Akufo-Addo, has reassured Ghanaians that his government will protect consumers from high costs of power.

He said this when he cut the sod for the commencement of construction of the 400-MegaWatt Bridge Power project in Tema.

He said that even though his government supports the private participation in the energy sector, it will not allow for the ordinary Ghanaian to be exploited.

READ ALSO: Sulphur content in fuel to drop to 50ppm from July 1

“The government I lead is a natural cheer leader for the private sector but that so, within the framework for protecting the public purse,”

“I believe it is possible for the power producers to make a reasonable profit with a fair agreement that does not sink the fortunes of the country that is wholly unacceptable,” the President added.

President Nana Addo, said his administration “shall do all we can to provide an enabling environment for the private sector to flourish but we shall also protect the public interest every inch of the way.”

READ ALSO: Illegal fuel importers in Ghana evade GH¢850m tax annually

The power project which is spearheaded by Early Power has been referred to as the world’s largest LPG-fired power plant.

It is estimated to cost $1 billion.

The plant has the ability to operate on LPG, natural gas, and diesel.

President Nana Addo believes this flexibility “will allow the plant to continue producing power in times of disruption in the supply of any one of the fuel types.”

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