Put future IPP arrangements on competitive bidding President directs  

The President, Nana Addo Dankwa Akufo-Addo, has directed the Ministry of Energy and Electricity Company of Ghana to ensure that future Independent Power Producer (IPP) arrangements are put through competitive bidding.


This is to achieve competitive rates for both domestic and industrial users to work with and break-even.


The President gave the directive when he commissioned a 20-megawatt solar plant at Gomoa Onyaadze in the Gomoa West District of the Central region at the weekend. In total, Meinergy Ghana Limited has installed 64,400 solar panels, 400 smart inverters and laid 15,000 DC cables for the plant.


 The facility, constructed and operated by Meinergy Ghana Limited, forms part of government's policy of inculcating environmentally friendly technology in the country’s energy generation mix.


Government will consent to future arrangements with IPPs only through competitive bidding, the President maintained, explaining that his "government inherited a plethora of IPP agreements, all of whom were contracted in the past when the country experienced power crisis which left it in a weak position."


As a result, he said that the country accepted tariff rates of 18 cents per kilowatt hour, when 10 cents per kilowatt hour was the maximum in other areas in the world.


President Akufo-Addo noted that the dreary IPPs arrangement entered into in the past was not acceptable and so, “in future, we are going to insist that IPP arrangements are created out of competitive bidding."


In this vein, the President said government was committed to having 10 per cent of its energy generation mix come from renewable energy by 2020, adding that the measures put in place ‘will help us, within a decade to have renewable energy as the majority of the generation mix of our country.”


Adding that, “we are in an age where renewable energy facilities are being produced domestically. So, we want to get to a situation here in Ghana whereby these solar panels are produced domestically. And it can be done within the confines of the one district one factory initiative."


President Akufo-Addo also paid a familiarization visit to the Casa de-Ropa Limited at Gomoa Beadze, near Winneba. The factory sited on a 500-acre, is under government’s 1 District, 1 Factory initiative, supported by the EXIM Bank.


The facility currently has over 100 acres of sweet potato under cultivation. It has also developed five dams to irrigate the farms to ensure all year farming.


The company processes Orange Fleshed Sweet Potato into four main products namely “Nature’s Harvest Potato Bread”, “Nature’s Harvest Potato Crisp”, “Nature’s Harvest Potato Chips”, and “Nature’s Harvest Potato Biscuits.”


Source: ISD (Rex Mainoo Yeboah)

Created: 18 September 2018
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