Tag: Sunon Asogli
We’ve not received any portion of $30m from Controller – Sunon Asogli
Independent Power Producer Sunon Asogli Power Ghana Limited has reported that it has not received any part of the $30 million directed by the Ministry of Finance for release by the Controller and Accountant General’s Department (CAGD), despite government assurances. This update follows Sunon Asogli’s recent shutdown of its 560MW power plant due to…
Ministry of Finance Allocates $30 Million to Sunon Asogli Amid Growing Power Sector Challenges
The Ministry of Finance has instructed the Controller and Accountant General to release $30 million to Independent Power Producer (IPP) Sunon Asogli in a bid to alleviate debt issues that forced a shutdown of its 560-megawatt power plant. This decision comes as concerns rise about a potential return of “dumsor,” Ghana’s term for recurring power…
Finance Minister Secures New Power Supply Agreement with Sunon Asogli
Ghana’s power stability is expected to improve after the government reached a new agreement with Independent Power Producer Sunon Asogli. The renegotiated deal, announced by Finance Minister Dr. Mohammed Amin Adam, addresses recent power disruptions resulting from financial challenges between Sunon Asogli and the Electricity Company of Ghana (ECG). Sunon Asogli’s 560-megawatt power facility had…
IES Warns Ghana May Need to Import More Power to Prevent Energy Crisis
The Institute for Energy Security (IES) has issued a warning that Ghana may be forced to increase its power imports to support the country’s local energy production. According to Nana Amoasi VII, the Executive Director of IES, this highlights the critical need for sustainable solutions to ensure a reliable power supply. The warning comes after…
Sunon Asogli Shuts Down 560MW Power Plant Over $259 Million Debt to ECG
Sunon Asogli Power (Ghana) Limited has shut down its 560MW power plant due to the Electricity Company of Ghana’s (ECG) inability to clear its outstanding $259 million debt. The power plant shutdown, announced on October 16, 2024, comes after ECG failed to meet its overdue payment obligations, leaving Sunon Asogli struggling to maintain operations. According…