Sunon Asogli Power Ghana Limited has confirmed that its 560-megawatt power plant is back in operation, following emergency funding from the government.

The plant, which had been offline due to financial challenges, resumed power generation on Monday, November 25, 2024, at 3 PM.

In a statement, the company expressed its appreciation to Finance Minister Mohammed Amin Adam and Energy Minister Herbert Krapa for facilitating the release of critical emergency funds to resolve the plant’s financial difficulties.

The company also recognized the Vice President for his key role in ensuring that the necessary payments were made for the plant’s restart.

“We wish to express our sincere appreciation to the Minister for Finance, Mohammed Amin Adam, and the Minister for Energy, Herbert Krapa for their intervention, to release emergency funding to address our critical financial need,” the statement read.

“We would like to commend H.E. the Vice President, for his intervention in ensuring the payment to us for our return to operation.”

Sunon Asogli disclosed that it submitted the final version of its Restructuring Terms Sheet to the Ministry of Finance and the Electricity Company of Ghana (ECG) in August 2024.

The company anticipates that the terms will be finalized and signed soon, ensuring greater stability and reliability in the country’s energy sector.The company also stressed the need for ECG to fulfill its obligations under the Power Purchase Agreement (PPA), urging the utility provider to meet its financial commitments.

Sunon Asogli expressed regret for the disruption caused by the recent shutdown, which affected the power supply in several areas of the country.

“We deeply regret the impact of our shutdown,” the statement noted, signalling the company’s commitment to maintaining steady operations going forward.

With the plant now back online, it is expected to alleviate pressure on the national grid and enhance electricity supply across Ghana.