Mr. John Peter Amewu, Minister of Energy, says the government is aiming at 100 percent electricity penetration and to also ensure that there is affordability.
Currently, about 83 percent of the population have access to power. He added that a lot would need to be done to achieve that goal of universal access.
He was speaking at a forum on Power Purchase Agreements (PPAs) in the oil and gas sector. It was organized by the American Chamber of Commerce Ghana (AmCham).
The Minister put the nation’s power demand at 2,600 megawatts and said it was presently generating close to 5,000 megawatts.
Ghana was paying between US$30 million and US$35 million for the excess capacity.
By year 2020, this could reach in excess of US$400 million per annum, and this, he said, gave cause to worry.
There was a higher capacity and higher excess charges and that was why no PPAs were going to be signed.
He announced that 11 of the PPAs had been put on hold and that other producers were also taking another look at their rates.
Mr Amewu underlined the government’s unswerving determination to ensure that there was transparency in the oil and gas industry.
Source: The Publisher
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This galamsey minister and Nana Addo must be investigated. how much was ECG valued at? How much did the concessionaires pay Nana Addo? And how much shares does the concessionaires have? Tiiiives!
After selling ECG for nothing? ECG is worth more than$10 million dollars, how can someone get controlling shares after paying to Nana Addo just $200 million dollars?