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Government suspends renewable energy signing deal due to unnecessary deals by previous administration

5 years ago
in Business, Energy
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Energy Minister, Peter Amewu says government has placed a moratorium on the signing of new renewable energy agreements.

This was after government discovered that the previous administration signed too many unnecessary deals.

Addressing the media after Parliament proceedings Thursday, Mr Amewu said the deals signed by the previous government were at a higher price, therefore, government needs to re-negotiate to reduce the amount.

“The renewable energy renewable that was signed between 2015 and 2016, was 2,665 megawatts at a price of 31cents per kilowatts.

“And they were completely unnecessary because people [citizens] were going to pay higher,” he stated.

“But we [government] do not want to entertain this higher renewable that is why we have placed a complete moratorium on the renewable.”

JoyNews/AdomNews · AMEWU – RENEWABLE
He further stated that the Akufo-Addo administration supports the use of renewable energy, however, it would prefer citizens to pay a fair price for the commodity.

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“It isn’t that we [government] are anti-renewable. Today, President Akufo-Addo has directed that the Jubilee House operate on renewable and it is 70% complete.”

But responding to this, the former Energy Minister, Ernest Kofi Buah said the agreements signed then were by the Electricity Company of Ghana (ECG).

He insisted that no burden has been placed on government.

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