Page 10 - ஆற்றல் துறை மீட்பு வசூல் செய்தல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Akufo-Addo government is at its wits end over what to do with excess power that is being generated for the country by independent power producers (IPP) and as a masterstroke solution, has devised a levy to enable the government pay US$500million every year for the excess power that is generated and wasted. Caretaker Finance Minister, Osei Kyei Mensah-Bonsu, justified the strange proposition presented in the 2021 Budget statement, by blaming the erstwhile Mahama government which ended Ghana’s perennial power deficiencies by shoring up generation for signing in place contracts that result in the excess production of power. “Despite the substantial progress made by the Akufo-Addo Government, there is the need to find additional resources to cover the excess capacity charges that have resulted from the Power Purchase Agreements (PPAs) signed by the previous Government which required payments for capacity charges even when the plants involved were idle or unutilized.”

Ghana generalJohn dramani mahamaKyei mensah bonsuOsei kyei mensah bonsuJohn mahamaEnergy sector recovery levyFinance ministerAkufo addo governmentPower purchase agreementsDramani mahamaPresident mahamaBuild ownகானா ஜநரல்கியே மென்சா போன்சுஓசெ கியே மென்சா போன்சுஆற்றல் துறை மீட்பு வசூல் செய்தல்