The Minister for Energy and Green Transition, John Abdulai Jinapor, has announced that the government has reached a new agreement with Independent Power Producers (IPPs), expected to save the country approximately US$300 million.

Speaking during a working visit to the Volta River Authority (VRA), Jinapor emphasised the need to depoliticise the energy sector, describing it as a critical national asset that requires unity, professionalism, and collective responsibility.

“So far, this sector is experiencing some significant progress. We’ve negotiated with the IPPs, and based on the numbers I’m seeing, I’m confident that we can save a lot of money. So far, what the IPP renegotiation team has done tells me that we are saving about 300 million US dollars from the IPPs,” he stated.

John Jinapor noted that while the previous administration made progress in renegotiating existing IPP contracts, the current government has secured improved terms to maximise savings and efficiency.

Ghana to save $300 million after IPP debt restructuring – ACEP

“The previous administration did their bit. We’ve also come to improve on it, and that is what we ought to be doing. It’s not always about politics. Let’s sometimes put the nation’s interest first. If we do it, we do it for Ghana. Before the next four years, let’s put VRA first, let’s put Ghana first, and let’s work together to turn around this sector,” he added.

SP/MA

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