[ 2019-03-09 ]

Government aiming at 100 per cent power penetration
Accra, March 08, GNA - Mr. John Peter Amewu,
Minister of Energy, says the government is aiming
at 100 per cent electricity penetration and to
also ensure that there is affordability.

Currently about 83 per cent 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.

This was necessary as the big global players
entered the Ghanaian terrain.

There would be fairness and transparency in the
competitive bidding processes.

Mr. Felix Addo, Vice President of the Chamber said
the members were eager to participate in the
energy sector

Source - GNA

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