The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has disclosed that the company has paid $30 million out of the $60 million debt owed the Sunon Asogli Power Limited.
Speaking on Citi Prime News on Friday, December 8, he said the payment was done to the power limited on Thursday, December 7.
“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”, he said.
He emphasized that the power producer was down due to government’s failure to fulfil its debts to the power limited. However, it suspended its decision to shut down its plant for a week following an assurance from the government for the clearance of the debt.
He added that provisions have been made for a second tranche of $30 million to be paid to Sunon Asogli and structures laid to ensure payments are not delayed.
“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.”