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Ameri power deal renegotiated; New Company to take over deal-Gov't announces

Written by  Jul 26, 2018
A new company, Mytilineous International Trading Company is set to take over the management of the Ameri power plants after a renegotiation, government has announced. The new company is expected to manage the deal for a period of 15 years. Energy Minister, Boakye Agyarko says government will save $400 million over a 15-year period. The new company has offered to pay Ameri an amount of $52,160,560.00, with government paying the remaining $39 million to the Dubai based company so they can wash their hands off the deal entirely. The agreement covering the new deal was brought to Parliament Thursday, for approval, parliamentary correspondent for Rainbow Radio, Afia Kwarteng reported. But the Minority is demanding for further and better particulars. Minority spokesperson on Energy Mr Mutawakilu, says it will be prudent for government to provide an evidence to buttress the claims. The $510 million Ameri deal was signed between the Mahama led government in 2015 at a time when the country experienced the power crisis. The then opposition New Patriotic Party was not left out of the controversy, accusing the Mahama led administration of price inflation. It promised to review the agreement if it won power and shortly after it did, the Akufo-Addo led government quickly set up a 17-member committee led by Philip Addison, a lawyer, to investigate the details of the agreement.
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