Sunon Asogli Power Ghana Limited has restarted operations at its 560-megawatt power plant following emergency funding from the government.
The plant, which had been shut down due to financial challenges, resumed operations on Monday, November 25, 2024, at 3 PM.
In a press statement, the company extended its appreciation to Finance Minister Mohammed Amin Adam and Energy Minister Herbert Krapa for securing the funds needed to resolve the plant’s financial difficulties.
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 revealed that it 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 expressed optimism that the terms would soon be finalized and signed to promote stability and reliability in Ghana’s energy sector.
The company also stressed the importance of the Electricity Company of Ghana (ECG) honoring the terms of the existing Power Purchase Agreement (PPA) and fulfilling its financial obligations.
Additionally, Sunon Asogli apologized for the inconvenience caused by its recent shutdown, which disrupted power supply in some parts of the country.
“We deeply regret the impact of our shutdown,” the statement further noted reaffirming the company’s commitment to maintaining steady operations going forward.
The 560MW power plant’s resumption of operations is anticipated to improve electricity supply across the country and ease the burden on the national grid.