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General News on Tuesday, November 27, 2018
Source: Starrfmonline.com
2018-11-27
play the videoMinister of Energy, Peter Amewu
The Energy Security Institute (IES) has accused Energy Minister Peter Amewu of telling half-truths about the blackouts that plague the nation.
According to the energy think tank, the problem of energy is due to the lack of money for the purchase of gasoline generators, and the minister must be frank with the Ghanaians.
"To be charitable, the explanations given by the Minister of Energy at the press conference are misleading and half-true … what Ghanaians are living is largely due to the liquidity problems of the energy sector. Electricity Company, such as the highly indebted Electricity Company of Ghana) is unable to repay its debt obligations vis-à-vis especially independent power producers (IPPs), resulting in problems with electricity. fuel supply for power plants and significant load shedding, "IES said in a statement.
He added: "For the year 2018, a thermal output of 11,301.65 GWh and a fuel cost of 4.7 billion Ghc (US $ 1.0 billion) were forecast".
"Despite the insufficient debt in the books of the Volta River Authority (VRA), during the year Power 2018, they must absorb 1.57 billion Gh ¢, which represents 33.57 % of the cost, while the remaining 3.13 billion, or 66.43% be required by independent power producers. "
"Our main problem now is finance, a big amount of money to pay for fuel. As a country, no matter where we are, we have to tackle fundamental problems and stick to the short-term problems and the almost lazy approach. "
"The last tariff reduction was very good for the government but very disabling for the energy sector … we are only delaying the inevitable to score easy political points," said the MP for Pru East to Francis Abban Tuesday at the Starr.
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