Minister for Energy and Green Transition, John Abdulai Jinapor, has announced that Ghana has saved approximately $300 million through the renegotiation of agreements with Independent Power Producers (IPPs) — a move aimed at strengthening the country’s energy sector.
During a working visit to the Volta River Authority (VRA) in Accra on Friday, October 17, Mr. Jinapor said the renegotiation exercise is part of the government’s broader efforts to ensure long-term financial stability and sustainability in the power industry.
“The IPPs, based on the numbers I’m seeing, I’m confident that we can save a lot of money. And so far, what the IPPs renegotiation team has done tells me that we’re saving about $300 million from the IPPs,” he stated.
The Minister emphasized that the current administration is building on the gains made by the previous government in addressing challenges within the energy sector. He stressed that the ongoing reforms are guided by national interest rather than political considerations.
“The previous administration did its bit, and we have also come to improve on it. It’s not always about politics, but Ghana first. I don’t care about your political affiliation as you sit here. Let’s work and turn around this sector,” Mr. Jinapor added.
He reaffirmed his commitment to ensuring stability, reliability, and sustainability in Ghana’s power sector, calling on all stakeholders to collaborate to achieve these national objectives.
Source:Africa Publicity
