Editorial: IPPs agreement review to ensure financial sustainability in energy sector

Government is actively reviewing agreements with independent power producers (IPPs) to ensure fairness, transparency and financial sustainability in the energy sector.

This forms part of a broader energy sector recovery review programme aimed at stabilising the power industry and restoring investor confidence. If successful, it could reshape the country’s energy landscape.

Director of Power at the Ministry of Energy and Green Transition, Solomon Adjetey, disclosed this at global electronics giant TCL’s West African market expansion launch in Accra recently.

Mr. Adjetey emphasised that Ghana’s energy transition Is not just about adopting new renewable sources but also redesigning the country’s infrastructure and mindset toward sustainability.

Although government is championing private sector participation in electricity distribution, it is nonetheless also committed to establishing a renewable energy and green transition fund that supports initiatives in the energy sector, the director added.

The ministry is focusing on building energy-efficient facilities, streamlining regulatory frameworks and cutting down transmission losses to make power more accessible and affordable.

“We are seeking technical and financial support to achieve efficiency, as off-grid solar solutions are being explored to provide cheaper renewable energy access,” he indicated.

As part of government’s green transition initiative, the green building code is being implemented to ensure conformity and standardisation. The Ghana Green Building Code (GhBC) – officially known as GS 1207:2018 – aims to establish minimum requirements for buildings, focusing on public health, safety and environmental sustainability.

With electronics manufacturing and technology companies constantly upgrading their products with innovative solutions that are energy efficient, the state remains committed to ensuring a longevity-enabling ecosystem for these machines.

Consequently, government is also actively seeking standardised Customs processes and harmonised regulations across borders to improve energy distribution and attract investment into key sectors such as manufacturing, mining and agro-processing.

The post Editorial: IPPs agreement review to ensure financial sustainability in energy sector appeared first on The Business & Financial Times.

Read Full Story