• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Monday, June 5, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

VRA senior staff kick against new AMERI deal

Delali Adogla-BessabyDelali Adogla-Bessa
July 28, 2018
Reading Time: 2 mins read
ShareShareShareShare

Senior staff of the Volta River Authority (VRA) have declared their opposition to the new arrangement on the AMERI power deal which is currently before Parliament.

The Senior Staff Association and the Public Services Workers Union at the VRA have said the new deal “will bring more hardship to the good people of our dear country- Ghana.”

[contextly_sidebar id=”P33wPbPhX5NbnUrj1D5KlzTaREvSCD6n”]Under the new agreement, a new company, Mytilineous International Trading Company, will take over the management of the AMERI power plant for 15 years.

The new company has offered to pay AMERI an amount of $52,160,560, with the government paying the remaining $39 million to the Dubai-based AMERI Energy to wash its hands off the deal entirely.

The agreement covering the new deal was laid before Parliament on Thursday for approval.

But the staff contend that Ghana had just under three years left to assume control of the plant under the old deal.

“In less than two and half years the AMERI plant would become a free asset to the nation under the Build Own Operate and Transfer (BOOT) arrangement, and therefore there is no need for another arrangement that would extend ownership to any other third party interest,” the workers argued in a statement.

“The proposed new agreement before Parliament would be more expensive than the current arrangement and does not make any financial and economic sense to the nation. The nation has surplus generation capacity and does not require any new long-term take or pay arrangement, more so when it is inimical to the interest of the nation.”

The John Mahama administration in 2015 signed a contract with Africa and Middle East Resources Investment Group (AMERI) Energy, to rent the 300MW of emergency power from AMERI.

This was at the peak of the country’s power crisis.

The power agreement with UAE-based AMERI Energy deal cost $510 million.

But according to the NPP administration, it found out that the government had been shortchanged by AMERI as they presented an overpriced budget, and were overpaid by $150 million.

The new administration thus commenced a renegotiation process to ensure value for money.

This latest deal is what it views as a better option for the country.

But observers have called it a huge misstep.

Benjamin Boakye – Executive Director, ACEP

The Africa Centre for Energy Policy (ACEP) wants Parliament to reject the renegotiated AMERI deal.

“We are committing to pay $50m for 15 years which is not on for the Ghanaian public and I hope Parliament will protect the public by rejecting the AMERI amendment,” Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye stated.

The Institute of Energy Security (IES) has also said the country risks paying more when the deal is agreed upon, in its current form.

Find below the statement from VRA staff

–

By: Delali Adogla-Bessa/citinewsroom.com/Ghana

ShareTweetSendSend
Previous Post

First woman wins round-the-world yacht race

Next Post

‘Double-track system was poorly thought-through ‘- Franklin Cudjoe

Related Posts

No HIV/AIDS outbreak at Ho Technical University – GHS

June 5, 2023
Politics

Free fall of Cedi, economic mismanagement to blame for energy sector debt – Kwabena Donkor

June 5, 2023
Health

Ministry of Health assures Zipline of govt’s continuous support

June 5, 2023
Top Stories

This is why Gyakye Quayson was kicked out of Parliament [Full Supreme Court ruling]

June 5, 2023
Top Stories

UEW slams Concerned staff for stoking unnecessary tensions

June 5, 2023
Top Stories

Lands Minister meets stakeholders over invasion of Anglogold shaft in Obuasi

June 5, 2023
Next Post

'Double-track system was poorly thought-through '- Franklin Cudjoe

TOP STORIES

No HIV/AIDS outbreak at Ho Technical University – GHS

June 5, 2023

Free fall of Cedi, economic mismanagement to blame for energy sector debt – Kwabena Donkor

June 5, 2023

This is why Gyakye Quayson was kicked out of Parliament [Full Supreme Court ruling]

June 5, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2023 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2023 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT