Sunon Asogli Power Ghana Limited has restarted operations at its 560-megawatt power plant following the receipt of emergency funding from the government.
The plant, which had been temporarily shut down due to financial challenges, resumed its operations on Monday, November 25, 2024, at 3 PM.
In a press release, the company expressed its gratitude to the Minister for Finance, Mohammed Amin Adam, and the Minister for Energy, Herbert Krapa, for facilitating the release of funds to address the plant’s critical financial needs.
The company also acknowledged the Vice President for his pivotal role in ensuring the payments necessary for 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.”
Sunon Asogli highlighted 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 to ensure 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.
Additionally, the company emphasized the need for ECG to adhere to the terms of the existing Power Purchase Agreement (PPA), urging the utility provider to fulfill its financial obligations.
Sunon Asogli also apologized for the disruption caused by its recent shutdown, which affected power supply in parts of the country. “We deeply regret the impact of our shutdown,” the statement noted, reaffirming the company’s commitment to maintaining steady operations going forward.
The resumption of operations at the 560MW power plant is expected to enhance electricity supply nationwide and reduce pressure on the national grid.
