Vice president, Dr. Mahamudu Bawumia, has disclosed that government has abrogated about 20 power purchase agreements signed by the erstwhile Mahama government.<\/p>\n
According to him, this has saved the country a whopping\u00a0$300 million.<\/p>\n
[contextly_sidebar id=”Z2Ba5AXV8mIuLLqPqTh0dkQ5UTkyMTWI”]\u201cWe have saved the country $300 million by reviewing and prioritizing the existing power purchasing agreements. We\u2019ve essentially cancelled about 20 of them, we\u2019ve 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\u2019s liabilities,\u201d he noted.<\/p>\n
The Akufo-Addo government had argued that some of the power agreements the Mahama government entered into were bloated, and were not value for money.<\/p>\n
They complained that, the Ameri Power deal was bloated by about $150 million, and have threatened to review the agreement.<\/p>\n
Speaking on Monday at a Joy FM Town Hall meeting, Dr. Bawumia added that, government has secured financing for two major electrification projects, which would extend electricity to over 800 communities when implemented.<\/p>\n
He also stated that, they further intend to put government buildings on solar plants instead of piling up debts for government.<\/p>\n
\u201cWe 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\u2026We\u2019ve also secured financing for two major electrification projects, the Hunan and China projects, and this when implemented, will extend electricity to over 800 communities,\u201d the Vice President added.<\/p>\n
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By: Godwin Akweiteh Allotey\/citifmonline.com\/Ghana
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