Ghana’s Ministry of Finance announced in late September that Cenit Energy Ltd has agreed new terms for its 126MW dual fuel power plant. The government has been attempting to drive down the cost of power by renegotiating power purchase agreements (PPAs) with IPPs. After fact-finding consultations earlier in the year, talks with operating or near-operating IPPs have moved on to more substantive negotiations, and Cenit is the first to reach agreement.
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