Karpowership Ghana has opened discussions with the government to extend its power-generation agreement beyond August 2027, as both sides consider the company’s future role in Ghana’s electricity sector.
The company currently supplies about 450 megawatts of electricity to the national grid and says negotiations concerning the continuation of its operations are already underway.
Speaking during a visit to the facility in the Sekondi-Takoradi area on Tuesday, September 29, Karpowership Ghana’s Corporate Communications Manager, Sandra Amarquaye, said the company remains optimistic about the outcome of the talks.
She explained that the company’s existing licence is expected to expire in August 2027, adding that discussions with the government are progressing positively.
The Western Regional Minister, Joseph Nelson, also visited the facility to familiarise himself with its operations and contribution to Ghana’s power supply.
According to him, Ghana’s electricity demand continues to grow, particularly with increased industrial activity expected under the government’s 24-hour economy programme.
He noted that although the Energy Ministry will ultimately determine whether the agreement should be renewed, the contribution of Karpowership to the country’s electricity supply should be taken into consideration.
The minister further disclosed that Karpowership’s share of Ghana’s electricity supply has fallen from about 23% to roughly 11%, largely because national demand has increased and other independent power producers have entered the sector.
Source: GhanaNsem
