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Business & Analysis

We have saved $1.4bn in PPAs Deferment – Govt

By : cd on 16 May 2021, 11:21     |     Source: dailyguide

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Government has revealed that it saved some $1.426 billion in 2019 from the deferment of three energy sector’s Public Private Partnerships (PPAs).

Minister of Energy, Dr Matthew Opoku Prempeh, made this known to the media in Accra on Sunday afternoon, May 16, 2021.

According to him, “we are working to upgrade the infrastructure to ensure that the systems are able to accommodate the load being transmitted.”

He added that “to ensure reliable power supply, there is the need to upgrade the transmission part of our power value chain.”

Government has revealed that it saved some $1.426 billion in 2019 from the deferment of three energy sector’s Public Private Partnerships (PPAs).

Minister of Energy, Dr Matthew Opoku Prempeh, made this known to the media in Accra on Sunday afternoon, May 16, 2021.

According to him, “we are working to upgrade the infrastructure to ensure that the systems are able to accommodate the load being transmitted.”

He added that “to ensure reliable power supply, there is the need to upgrade the transmission part of our power value chain.”
He announced that “Government debt of Ghc 2.63 billion owed to ECG fully paid as of March 2020.”