Sunon Asogli Power Ltd., one of Ghana’s major independent power producers (IPPs), is set to resume operations in the coming weeks according to Electricity Company of Ghana (ECG). This follows ECG’s intensified efforts to address outstanding debts. The development follows a financial impasse that had forced the power plant to cease operations earlier this year.
Speaking on JoyNews’ Newsfile on November 23, ECG’s Acting Managing Director, Ing. David Asamoah, revealed that the utility company adopted a weekly payment plan starting October 8, 2024, to clear a $259 million debt owed to Sunon Asogli and other IPPs.
“Sunon Asogli has gone off because of debts. But the good news is that they are going to be back in the coming weeks because we have almost resolved the issue,” said Asamoah, emphasizing ECG’s commitment to restoring power supply stability.
The Finance Minister, Dr. Mohammed Amin Adam, announced a renegotiated agreement with Sunon Asogli to resolve the financial dispute. The deal aims to stabilize Ghana’s energy supply and prevent further disruptions in the power sector.
Despite progress with Sunon Asogli, broader challenges persist in Ghana’s energy sector. Dr. Elikplim Kwabla Apetorgbor, CEO of the Independent Power Producers Association, warned that three additional power plants face imminent shutdowns if payments are not addressed promptly.
“If nothing is done by the end of this week, next week, three key power plants will shut down,” Apetorgbor cautioned.
ECG remains optimistic that continued financial interventions and collaborative solutions will avert additional shutdowns. “We have started paying to show that we are not just talking but acting on what we agreed,” Asamoah reassured.
The ongoing efforts to address the energy sector’s debt crisis come at a critical time, as Ghana grapples with economic constraints. Restoring Sunon Asogli’s operations is a crucial step toward ensuring stable power generation and reinforcing investor confidence in the energy sector
