Economics

Government to save more than $200 million in CENIT amended power purchase agreement

Accra, Sept. 26, GNA - Government and CENIT have agreed to an amended power purchase agreement under which the company has decided to move to a tolling structure and to transfer all resulting cost savings to the Electricity Company of Ghana (ECG). CENIT, a Ghanaian independent power producer (IPP) that began commercial operations in 2012, also agreed to reduce its capital recovery tariff by 38.9 per cent. The deal is expected...

Sep 26, 2020 at 11:50am