Sunon Asogli did not act in bad faith; no agreement struck with IPPs yet [Video]

Dr. Elikplim Apetorgbor, CEOs of IPPs

The Chief Executive of the Independent Power Producers’ of Ghana, Dr. Elikplim Apetorgbor, has noted that the claims regarding Sunon Asogli’s decision to shut down its 560 megawatts plant was not an ‘act of bad faith’ as purported by the finance minister.

According to him, the government had not upheld its financial commitments, which left the company with few options culminating in the decision to suspend its operations.

He also added that the government has no agreement with the power producers as indicated by the finance minister.

“I am not aware when we have agreed to sign restructuring terms with anyone. We are still negotiating. No one goes into a negotiation to lose. It is always a win-win affair. And he [Dr. Mohammed Amin Adam] has always maintained a position that if you will not accept this, I am not going to pay you. And even if we are signing, what it …

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