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Former Power Minister, Dr. Kwabena Donkor has gone hard at World Bank Country Director, Frank Pierre Laporte, describing Mr. Laporte’s strong criticism of Ghana’s take-or-pay agreements as unfortunate. The Country Director World Bank in Ghana,
Former Power Minister, Dr. Kwabena Donkor has gone hard at World Bank Country Director, Frank Pierre Laporte, describing Mr. Laporte’s strong criticism of Ghana’s take-or-pay agreements as unfortunate. The Country Director World Bank in Ghana,
Mr. Pierre Frank Laporte in a recent interview with Joy Business, criticized the Power Purchasing Agreements (PPAs) signed by the government, stating that they were expensive and burdened the country due to "take or pay contracts." But, speaking to the media at a press conference
to address the issue, the former power minister described Mr. Larporte's claim as unfortunate. Meanwhile, Deputy Energy Minister Andrew Egyapa Mercer has confirmed to Joynews that the Electricity Company of Ghana has been tasked to renegotiate contracts with power plants nearing
expiration but under a new regime that discourages take or pay. #JoyNews
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