Ghana renegotiates power purchase deal with CENIT saving US$200m

GHANA – The government of Ghana has said it has successfully secured amended terms with CENIT Energy Limited; a independent power producer based in the country, saving US$200 million in the process. This was revealed in a statement released by Ghana’s Ministry of Finance on the developments of a power purchase agreement renegotiation between the government and CENIT Energy Limited (CEL) During the Renegotiations, CEL agreed to convert their power plant into a tolling structure and transfer all resulting cost savings to Electricity Commission of Ghana, the statement noted. In…

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