PPAs

Government has assured the Independent Power Producers (IPPs) that it is taking the necessary steps to address the energy sector arrears as part of its external debt restructuring. This is to forestall the build-up of future arrears and improve on efficiency within the sector. In a letter to the IPPs signed by the Finance Minister, Ken Ofori-Atta, sighted by Joy Business, government said it has rolled out a raft of structural reforms, aimed at generating sufficient cash to ensure payments in line with the respective Power Purchase Agreements (PPAs). These measures include but are not limited to the Public Utilities…