The Electricity Company of Ghana (ECG) has paid $30 million out of the $60 million debt owed the Sunon Asogli Power Limited.
According to the Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama the payment was made to Sunon Asogli on Thursday, December 7.
He disclosed this while speaking in an interview with Accra based Citi FM.
He further disclosed that the company has adopted measures to ensure that the second tranche is not delayed.
“Sunon Asogli has received $30 million from the government of Ghana and the conversations are far advanced for a second tranche of another $30 million to be paid to them and as it stands now, Sunon Asogli has always been an integral part of our growth.
“They are one of the first IPPs and they have always treated Ghana fairly when it comes to how they have structured their PPAs, they are very good partners that we intend to grow with so we have even come up with a new way to renegotiate our outstanding PPA to make it much more efficient and cheaper for the good people of Ghana.”
Sunon Asogli Power Limited declared its decision to close on December 4, 2023, due to the government’s failure to pay its debt.
Following an assurance from the government that the debt would be cleared, the firm later halted the decision.
By: Rainbowradioonline.com/Ghana
