Gov’t to save $7.2 billion in 13 years over abrogated power purchase agreements 

The Minister for Energy, Boakye Agyarko says the country stands to benefit hugely from the abrogated power deals by government. 

Speaking on the floor of Parliament yesterday (November 17), Mr. Agyarko said the country will save about $7.2 billion from the termination of 11 Power Purchase Agreements PPA, over a 13 year period. 

These terminations, following a recent review, will come at cost of about $400 million.  

Mr. Agyarko, who has in the past described some of the agreements as knee-jerk reactions to the ''dumsor'' crisis, revealed that, “the projected capacity additions from the PPAs were far in excess of the required additions inclusive of the 20% system reserve margin from 2018 to 2030.

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