Sunon Asogli Power Plant Resumes Operations Following Government Intervention

Sunon Asogli Power Plant Resumes Operations Following Government Intervention

Sunon Asogli Power Ghana Limited has resumed operations at its 560-megawatt power plant after receiving emergency financial support from the government. The plant, which had been offline due to financial constraints, recommenced operations on Monday, November 25, 2024, at 3PM.

In a press release, the company expressed gratitude to key government officials, including the Minister for Finance, Mohammed Amin Adam, and the Minister for Energy, Herbert Krapa, for their efforts in facilitating the release of funds.

It also acknowledged the Vice President for his pivotal role in ensuring payments that enabled the plant’s return to service.

“We wish to express our sincere appreciation to the Minister for Finance, Mohammed Amin Adam, and the Minister for Energy, Herbert Krapa, for their intervention to release emergency funding to address our critical financial need,” the statement read.

“We would like to commend H.E. the Vice President for his intervention in ensuring the payment to us for our return to operation,” the company added.

Restructuring in Progress

Sunon Asogli revealed that it had submitted the final version of its Restructuring Terms Sheet to the Ministry of Finance and the Electricity Company of Ghana (ECG) in August 2024. The company expects these terms to be finalized and signed soon, paving the way for greater stability and reliability in the energy sector.

“We are confident that a win-win solution that will ensure the stability and reliability of Ghana’s energy sector will be achieved,” the statement added.

The power producer also stressed the need for ECG to adhere to the terms of their Power Purchase Agreement (PPA) by fulfilling its financial obligations to ensure continuous operations.

Apology and Commitment to Stability

Sunon Asogli apologized for the disruption caused by the shutdown, which affected power supply in parts of the country.

“We deeply regret the impact of our shutdown,” the company noted, emphasizing its commitment to maintaining uninterrupted power supply going forward.

The resumption of operations at the 560MW plant is expected to significantly enhance electricity supply across Ghana, alleviating pressure on the national grid and supporting economic activities.

This development marks a positive step in addressing Ghana’s energy challenges, while ongoing restructuring efforts aim to secure long-term stability in the sector.