14th January 2025 1:43:10 PM
2 mins readThe Independent Power Generators (IPGG) has expressed confidence that the government's energy strategy will lead to a resilient and reliable energy ecosystem for Ghana.
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In a statement signed by its Chief Executive Officer, Elikplim Apetorgbor, the IPGG emphasized its readiness to collaborate with the Energy Minister-designate, John Abdulai Jinapor, to advance sustainable energy generation, promote renewable sources, and address financial and policy challenges in the sector."We believe that Mr.
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Jinapor's pragmatic approach and expertise will contribute significantly to the creation of a resilient and reliable energy ecosystem for Ghana," the statement noted.During his vetting before Parliament’s Appointments Committee on January 13, Mr. Jinapor outlined his goal to establish a framework for private sector involvement in the operations of the Electricity Company of Ghana (ECG) by the end of 2025.
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He highlighted transparency and expert participation as key pillars of this initiative.“We believe there should be private sector participation. What we intend to do is to form a seven-member committee, comprising technical experts, legal minds, financial analysts, industry players, and even a consumer representative,” he explained.
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The committee will explore global best practices to determine whether a concession model or full privatization would be more appropriate for ECG's operations. Mr. Jinapor assured the committee that the process would be free from political interference and based on openness and transparency.“My target is to push for six months, but I do not want to stampede the committee.
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However, give or take, within this year, we should complete the framework,” he added.The IPGG also acknowledged Mr. Jinapor's extensive experience in Ghana's energy sector and his focus on innovation, sustainability, and efficiency, as demonstrated during his vetting process.
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“As a critical stakeholder in the energy industry, we are confident his leadership will bring a renewed focus and drive toward addressing the challenges confronting the power sector,” the statement concluded.The IPGG congratulated John Abdulai Jinapor and reaffirmed its commitment to supporting his vision for Ghana's energy future.
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