Sunon Asogli Power Ghana Limited has announced the resumption of operations at its 560-megawatt power plant following an emergency funding intervention by the government. The plant, which had been shut down due to financial constraints, resumed operations on Monday, November 25, 2024, at 3 PM.
In a press release, the company expressed gratitude to the Minister for Finance, Mohammed Amin Adam, and the Minister for Energy, Herbert Krapa, for facilitating the release of emergency funds to address the plant’s critical financial needs. Sunon Asogli also acknowledged the Vice President for his intervention, which was key in ensuring payments were made to enable 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.”
Restructuring Process Underway
Sunon Asogli revealed that it 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 the terms to be finalized and signed soon, ensuring stability and reliability in Ghana’s 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 company emphasized the importance of ECG adhering to the terms of its Power Purchase Agreement (PPA), urging the utility provider to diligently fulfil its financial obligations.
Apology for Impact of Shutdown
Sunon Asogli apologized for the impact of its recent shutdown, which disrupted power supply across parts of the country. “We deeply regret the impact of our shutdown,” the statement noted, signalling the company’s commitment to maintaining steady operations from now on. The resumption of operations at the 560MW power plant is expected to boost electricity supply across Ghana and reduce the strain on the national grid.
By: Abubakar Ibrahim
