{"id":127783,"date":"2023-12-05T16:49:02","date_gmt":"2023-12-05T16:49:02","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/"},"modified":"2023-12-05T16:49:02","modified_gmt":"2023-12-05T16:49:02","slug":"sunon-asogli-suspends-planned-shut-down-over-government-power-debt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/","title":{"rendered":"Sunon Asogli suspends planned shut down over government power debt \u2013"},"content":{"rendered":"
<\/p>\n
\n
Sunon Asogli Power (Ghana) Limited has opted to suspend the indefinite shutdown of its 560MW power plant.<\/p>\n
The U-turn was arrived at after engaging in discussions with the government regarding the unpaid debt.<\/p>\n
The decision for the suspension comes after the intervention and assurance of the Minister of Finance and Minister of State, the company affirmed.<\/p>\n
In an official statement issued on Monday evening, the company outlined the conditions for the suspension.<\/p>\n
It mentioned, \u201cKindly confirm our understanding that we shall be paid an interim sum of $60 million in two tranches. The first tranche of $30 million to be paid this week, and the second tranche in the week of 11th December 2023.\u201d<\/p>\n
The independent power producer had initially announced the indefinite shutdown, citing the government\u2019s delays in fulfilling its financial obligations as the primary reason for the drastic decision.<\/p>\n
The company expressed regret over the situation, emphasizing the impact of accumulating unpaid bills on its operational capacity.<\/p>\n
The letter addressed to the Electricity Company of Ghana (ECG) highlighted the challenges faced by Sunon Asogli Power (Ghana) Limited, noting that the unpaid debts were unsustainable for the continued operation of the power plant.<\/p>\n
Over the years, Independent Power Producers (IPPs) have consistently raised concerns about the government\u2019s indebtedness to them.<\/p>\n
Despite various efforts, including threats to suspend operations, the issues have not been adequately addressed. Reports as of July 2023 indicated that the government\u2019s debt to IPPs had reached approximately $1.6 billion.<\/p>\n
IPPs, including Sunon Asogli Power, have expressed dissatisfaction with the government\u2019s electricity tariff reduction efforts, arguing that it negatively impacts debt restructuring initiatives.<\/p>\n
The President of the IPPs, Dr. Elikplim Apetorgbor, highlighted the challenges faced by the industry, stating, \u201cWe are on life support and cannot guarantee continuity. If you give us a haircut, say a 30% or 40% reduction, who is going to pay our debts for us?\u201d<\/p>\n<\/figure>\n
Sunon Asogli Power (Ghana) Limited has opted to suspend the indefinite shutdown of its 560MW power plant. The U-turn was arrived at after engaging in discussions with the government regarding the unpaid debt. The decision for the suspension comes after the intervention and assurance of the Minister of Finance and Minister of State, the company […]<\/p>\n","protected":false},"author":1,"featured_media":127784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-127783","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Sunon Asogli suspends planned shut down over government power debt \u2013 - 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\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunon Asogli suspends planned shut down over government power debt \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Sunon Asogli Power (Ghana) Limited has opted to suspend the indefinite shutdown of its 560MW power plant. The U-turn was arrived at after engaging in discussions with the government regarding the unpaid debt. The decision for the suspension comes after the intervention and assurance of the Minister of Finance and Minister of State, the company […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-05T16:49:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/\",\"name\":\"Sunon Asogli suspends planned shut down over government power debt \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp\",\"datePublished\":\"2023-12-05T16:49:02+00:00\",\"dateModified\":\"2023-12-05T16:49:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp\",\"width\":600,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sunon Asogli suspends planned shut down over government power debt \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sunon Asogli suspends planned shut down over government power debt \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/","og_locale":"en_US","og_type":"article","og_title":"Sunon Asogli suspends planned shut down over government power debt \u2013 - Ghanamma.com","og_description":"Sunon Asogli Power (Ghana) Limited has opted to suspend the indefinite shutdown of its 560MW power plant. The U-turn was arrived at after engaging in discussions with the government regarding the unpaid debt. The decision for the suspension comes after the intervention and assurance of the Minister of Finance and Minister of State, the company […]","og_url":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/","og_site_name":"Ghanamma.com","article_published_time":"2023-12-05T16:49:02+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp","type":"image\/webp"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/","url":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/","name":"Sunon Asogli suspends planned shut down over government power debt \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp","datePublished":"2023-12-05T16:49:02+00:00","dateModified":"2023-12-05T16:49:02+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Sunon-Asogli-Power.webp.webp","width":600,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/12\/05\/sunon-asogli-suspends-planned-shut-down-over-government-power-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Sunon Asogli suspends planned shut down over government power debt \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/127783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=127783"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/127783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/127784"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=127783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=127783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=127783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"\/](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/843\/84317072.jpg\")
<\/figure>\n