{"id":1257564,"date":"2022-11-24T18:25:06","date_gmt":"2022-11-24T18:25:06","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/24\/government-completes-renegotiation-and-restructuring-exercise-of-ppas-with-6-ipps\/"},"modified":"2022-11-24T18:25:06","modified_gmt":"2022-11-24T18:25:06","slug":"government-completes-renegotiation-and-restructuring-exercise-of-ppas-with-6-ipps","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/24\/government-completes-renegotiation-and-restructuring-exercise-of-ppas-with-6-ipps\/","title":{"rendered":"Government completes renegotiation and restructuring exercise of PPAs with 6 IPPs"},"content":{"rendered":"

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Government has substantially completed a renegotiation and restructuring exercise of Power Purchase Agreements (\u201cPPAs\u201d) with 6 operational Independent Power Producers (\u201cIPPs\u201d), namely, Karpower, Cenpower, Early Power, Twin City Energy (formerly Amandi), AKSA Energy and CENIT Energy, Finance Minister, Kek Ofori-Atta stated in the 2023 Budget and Economic Policy.<\/p>\n

This is part of efforts to ensure power is affordable for industrial, commercial and residential use.<\/p>\n

Also, government has pursued cost-cutting and green initiatives, including conversion to a tolling model, refinancing of expensive debt, profiling of tariffs and switching power plants from imported liquid fuel to locally produced natural gas as primary fuel.<\/p>\n

On connectivity to the national grid, a total of 157 communities were linked to the national grid as of September 2022.<\/p>\n

To this end, the Ministry of Energy will further connect an additional 400 towns under the SHEP-4, SHEP-5 and Turnkey Projects in 2023.<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Government has substantially completed a renegotiation and restructuring exercise of Power Purchase Agreements (\u201cPPAs\u201d) with 6 operational Independent Power Producers (\u201cIPPs\u201d), namely, Karpower, Cenpower, Early Power, Twin City Energy (formerly Amandi), AKSA Energy and CENIT Energy, Finance Minister, Kek Ofori-Atta stated in the 2023 Budget and Economic Policy. This is part of efforts to ensure […]<\/p>\n","protected":false},"author":1,"featured_media":1257566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1623,606,1090,13791,29330,29331,11160],"class_list":["post-1257564","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-completes","tag-exercise","tag-government","tag-ipps","tag-ppas","tag-renegotiation","tag-restructuring"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1257564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1257564"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1257564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1257564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1257564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1257564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}