Ghana's Vice President Dr Mahamudu Bawumia said the abrogation of about 20 power purchase agreements signed by the erstwhile Mahama government has saved Ghana a whopping $300 million.
This was revealed by Vice president Dr Mahamudu Bawumia at a town hall meeting organised by Accra-based Joy FM to mark President Nana Addo’s 100 days in office.
Dr Mahamudu Bawumia said this move has saved Ghana a whopping $300 million.
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“We have saved the country $300 million by reviewing and prioritizing the existing power purchasing agreements. We’ve essentially cancelled about 20 of them, we’ve asked four of them to go ahead and the rest to delay by two or three years and in so doing, we have managed to reduce government’s liabilities.”
The NPP even before they assumed power accused the then governing NDC of bloating some of the power agreements they reached with other entities. They also argued that there was no value for money.
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They have threatened to review the Ameri Power deal because they believe it was bloated by about $150 million.
He added that they intend to put government buildings on solar plants instead of piling up debts for government.
“We have in the energy sector taken some major decisions. Anyone who is coming to produce power in Ghana and says we want a power purchase agreement, we are saying that you cannot charge us more than ten cents per kilowatt hour…We’ve also secured financing for two major electrification projects, the Hunan and China projects, and this when implemented, will extend electricity to over 800 communities.”