{"id":735735,"date":"2019-11-01T11:36:14","date_gmt":"2019-11-01T11:36:14","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/01\/finance-minister-inaugurates-esrp-steering-committee\/"},"modified":"2019-11-01T11:36:14","modified_gmt":"2019-11-01T11:36:14","slug":"finance-minister-inaugurates-esrp-steering-committee","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/01\/finance-minister-inaugurates-esrp-steering-committee\/","title":{"rendered":"Finance Minister Inaugurates ESRP Steering Committee"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Ken Ofori-Atta<\/strong><\/p>\n<p>KEN OFORI-Atta, Minister of Finance, on Monday<br \/>\ninaugurated a government-led Energy Sector Recovery Programme (ESRP) Steering<br \/>\nCommittee, comprising members across various sectors and ministries.<\/p>\n<p>The inauguration of the ESRP Steering Committee<br \/>\nis part of the initiation of the collaborative consultation process between government<br \/>\nand each Independent Power Producer (IPP) and Gas Supplier (GS) in an effort to<br \/>\nresolve energy issues in a manner that is sustainable for both Ghana and its<br \/>\npartners.<\/p>\n<p>\u201cThe purpose of the steering committee is to<br \/>\ntake responsibility for the consultation process with the IPPs and GSs over the<br \/>\ncoming months, with the objective of ensuring a sustainable energy partnership<br \/>\nwith each IPP and GS,\u201d said Mr. Ofori-Atta.<\/p>\n<p>The inauguration is part of a decision made by<br \/>\nthe Energy Sector Recovery Task Force as mandated by Cabinet to ensure and oversee<br \/>\nthe implementation of the ESRP. The steering committee is expected to help<br \/>\nimplement the ESRP, which identifies key issues in the energy sector and<br \/>\nproposes solutions.<\/p>\n<p>Government, in July this year, announced its<br \/>\nintention to rationalise the commercial agreements in the country\u2019s energy<br \/>\nsector, including re-assessing all take or pay contracts and imposing a<br \/>\nmoratorium on the signing of new power purchase agreements in the energy<br \/>\nsector.<\/p>\n<p>\u201cThe steering committee is of key importance<br \/>\nfor the future of Ghana\u2019s energy sector and Ghana\u2019s long-term sustainable<br \/>\ndevelopment,\u201d the Finance Minister noted. <\/p>\n<p>\u201cGovernment has been working hard to establish<br \/>\na long-term sustainable strategy for a competitive and dynamic energy sector<br \/>\nwhere private investments can thrive, and the interests of the Ghanaian people<br \/>\nand businesses continue to flourish,\u201d he added.<\/p>\n<p>Since August 2019, the Ministry of Finance and<br \/>\nthe Ministry of Energy have been engaging with IPP and GS representatives in<br \/>\norder to find solutions that result in a fair outcome for all stakeholders \u2013<br \/>\nboth the Ghanaian people and investors. And the inclusive composition of the<br \/>\nsteering committee is expected to help comprehensively address the issues at<br \/>\nhand.<\/p>\n<p>Ghana\u2019s installed capacity is almost double its<br \/>\npeak demand, with an installed power generation capacity of 5,083 megawatt, a<br \/>\ndependable capacity of 4,593 megawatt and a peak demand of around 2,700 megawatt.<\/p>\n<p>Ghana has an installed power generation<br \/>\ncapacity of 5,083 MW, a dependable capacity of 4,593 MW<br \/>\nand a peak demand of around 2,700 MW.\u00a0\u00a0 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Ofori-Atta KEN OFORI-Atta, Minister of Finance, on Monday inaugurated a government-led Energy Sector Recovery Programme (ESRP) Steering Committee, comprising members across various sectors and ministries. The inauguration of the ESRP Steering Committee is part of the initiation of the collaborative consultation process between government and each Independent Power Producer (IPP) and Gas Supplier (GS) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":724384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-735735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finance Minister Inaugurates ESRP Steering Committee - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/01\/finance-minister-inaugurates-esrp-steering-committee\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Finance Minister Inaugurates ESRP Steering Committee - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Ken Ofori-Atta KEN OFORI-Atta, Minister of Finance, on Monday inaugurated a government-led Energy Sector Recovery Programme (ESRP) Steering Committee, comprising members across various sectors and ministries. 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