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3 IPPs paid US$937.50 million

June 17, 2021

Three Independent Power Producers have so far been paid for excess capacity charge for the period 2017 to 2020.

The Minister for Finance, Ken Ofori Atta disclosed this on the floor of parliament on June 17, 2021 when he appeared to respond to questions raised by the Member of Parliament for Tamale North, Haruna Iddrisu who asked to know which independent power producing companies have received payment from the Government of Ghana for excess capacity charges for the period in question and how much was paid.

He mentioned the three IPPs as follows:

             IPP                                                                                             Amount (US$million)

                                      2017          2018        2019             2020               TOTAL

  1. AKSA 7              59.4         136.8            115.3               347.20
  2. Karpower 3             108.9       138               46.8                  359.00
  3. Cenpower 5           144.8               231.30

Meanwhile, a follow-up question from the MP to know the exact megawatt of excess power that accounted for the various amounts could not be given by the minister who described the question as legitimate but he was not prepared to give those fine details. He however promised to return to the chamber when called upon to provide that detail.

Dominic Shirimori/Ghanamps.com