{"id":61532,"date":"2023-12-06T08:38:40","date_gmt":"2023-12-06T08:38:40","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/sunon-asogli-suspends-decision-to-shut-down-its-plant-after-intervention-from-finance-minister"},"modified":"2023-12-06T08:56:08","modified_gmt":"2023-12-06T08:56:08","slug":"sunon-asogli-suspends-decision-to-shut-down-its-plant-after-intervention-from-finance-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/sunon-asogli-suspends-decision-to-shut-down-its-plant-after-intervention-from-finance-minister","title":{"rendered":"Sunon Asogli suspends decision to shut down its plant after intervention from Finance Minister"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Sunon Asogli Power (Ghana) Limited has suspended its decision to indefinitely shut down its 560MW plant.<\/b><\/p>\n

This was \u201cin view of the intervention and assurance of the Minister of Finance and Minister of State.\u201d<\/p>\n

In a statement it said, \u201cKindly confirm our understanding that we shall be paid an interim sum of $60 million in two tranches. The first tranche $30 million to be paid this week and the second tranche in the week of 11th December 2023.\u201d<\/p>\n

The Independent Power Producer (IPP) said its earlier plan to shut down was due to accumulated unpaid debt owed by the government.<\/p>\n

The Independent Power Producer (IPP) in a letter addressed to the Electricity Company of Ghana (ECG) \u201cSunon Asogli Power (Ghana) Limited Company announces with regret an indefinite suspension of operations at the Sunon Asogli Power Plant, effective Monday, 4th December 2023 at 6 PM.<\/p>\n

\u201cThis difficult decision became necessary due to avoidable delays in payment from the GoG\/Electricity Company of Ghana for power supplied, as well as, the unproductive engagements to find an amicable solution.\u201d<\/p>\n

The IPPs had raised concerns about the failure of the government to pay their arrears.<\/p>\n

In an earlier statement, they said \u201cWe refer to our letters dated March 27, 2023 and May 25, 2023 with reference numbers IPGG\/1\/2023 and IPGG\/2\/2023 addressed to the Minister [Finance] by which the IPP Chamber stressed the urgent necessity for the government to prioritise payment of the outstanding arrears owed to members of the IPP Chamber to enable the IPPs to cover critical operational costs required to continue operations and pay overdue debt service.\u201d<\/p>\n

The statement added \u201cWe had indicated in our letters that IPPs needed to receive an interim payment of 30% of the outstanding arrears of each IPP by 20th June 2023.<\/p>\n

\u201cUnfortunately, we have not seen any good faith indication or commitment of such impending payment from ECG\/Government as of today, June 21, 2023, despite the Electricity Company of Ghana\u2018s recent collection efforts, as reported in the media, which yielded circa \u00a23.1 billion.<\/p>\n

\u201cAt an emergency meeting of the IPP Chamber held on Tuesday 20th of June 2023, it was resolved that unless the IPPs receive the interim payment requested by the 30th June 2023 the members of the IPP Chmaber will not be in a position to guarantee the continued generation of electricity after 30th June.\u201d<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Sunon Asogli Power (Ghana) Limited has suspended its decision to indefinitely shut down its 560MW plant. This was \u201cin view of the intervention and assurance of the Minister of Finance and Minister of State.\u201d In a statement it said, \u201cKindly confirm our understanding that we shall be paid an interim sum of […]<\/p>\n","protected":false},"author":84,"featured_media":61531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-61532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nSunon Asogli suspends decision to shut down its plant after intervention from Finance Minister - Ghana<\/title>\n<meta name=\"description\" content=\"Sunon Asogli Power (Ghana) Limited has suspended its decision to indefinitely shut down its 560MW plant. 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