The New Patriotic Party (NPP) has stated that the Akufo-Addo government saved Ghana over $7 billion through the renegotiation of energy deals signed during the erstwhile Mahama administration.<\/p>\n
General Secretary of the NPP, John Boadu, who made this known at a news conference on Sunday, said the contracts were renegotiated because the previous Mahama administration had over bloated them.<\/p>\n
Mr. Boadu said Ghanaians would have paid for corrupt deals if the NDC had been retained after 2016.<\/p>\n
\u201cJohn Mahama, then President, decided to sign us on for power we had to pay for even though we would never get to use,\u201d he stated.<\/p>\n
He listed a number of financial and legal burdens NPP inherited as a result of NDC\u2019s strange decision to agree to over 7,000 of excess capacity contracts.<\/p>\n
The General Secretary indicated that \u201cas at the end of 2016, ECG had signed 14 Power Purchase Agreements (PPA) which were operational with combined capacity of 1,104 MW.\u201d<\/p>\n
He said that \u201canother 18 PPAs signed by ECG with a combined capacity of about 6,000MW and eight PPAs were under discussions with total capacity of 2,116MW.\u201d<\/p>\n
Mr. Boadu asserted that \u201cthis in addition to existing generation capacity from hydro, the VRA plants at Aboadzi and Tema and the TICO Plant, will result in a total installed capacity of about 11,000MW if the committed capacity is all deployed. This will by far be more than the current peak demand of 2,400MW.\u201d<\/p>\n
He added that \u201ceven at an annual growth in demand of 10%, our country will not be able to utilize this capacity.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The New Patriotic Party (NPP) has stated that the Akufo-Addo government saved Ghana over $7 billion through the renegotiation of energy deals signed during the erstwhile Mahama administration. General Secretary of the NPP, John Boadu, who made this known at a news conference on Sunday, said the contracts were renegotiated because the previous Mahama administration […]<\/p>\n","protected":false},"author":66,"featured_media":238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[42,84,52,77,83],"class_list":["post-236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-akufo-addo","tag-boadu","tag-mahama","tag-npp","tag-the-new-patriotic-party"],"yoast_head":"\n