Sunon Asogli’s 560MW energy plant resumes operations after govt intervention

Sunon Asogli Power (Ghana) Limited has introduced the resumption of operations of its 560MW energy plant following an intervention by Finance Minister Mohammed Amin Adam and Energy Minister Herbert Krapa.

The plant, which had been shut down because of monetary constraints, resumed operations on Monday, November 25, 2024, at 3 PM.

In a press launch issued on November 25, the corporate expressed gratitude to the Minister for Finance, Mohammed Amin Adam, and the Minister for Energy, Herbert Krapa, for facilitating the discharge of emergency funds to deal with the plant’s important monetary wants.

Sunon Asogli additionally counseled the Vice President for his intervention in guaranteeing funds.

“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 assertion learn.

“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 ultimate model of its Restructuring Terms Sheet to the Ministry of Finance and the Electricity Company of Ghana (ECG) in August 2024.

The firm expects the phrases to be finalized and signed quickly, guaranteeing stability and reliability in Ghana’s vitality sector.

“We are confident that a win-win solution that will ensure the stability and reliability of Ghana’s energy sector will be achieved,” the assertion added.

“We deeply regret the impact of our shutdown,” the corporate apologised within the assertion.