Ameri Offers Ghana Discount on Power Deal After Cost Dispute
This article is for subscribers only.
Africa Middle East Resources Investment Ltd. said it offered Ghana fresh terms for a 250 megawatt power deal that the government said was priced too high.
The Ameri plants will supply Ghana power for the five-year term of the agreement until 2021 at a cost of $459 million, Francis Kpollu, the company’s country manager, said Thursday in an interview in the capital, Accra. The deal was priced $510 million when it was first agreed in 2015 with the previous administration of former President John Mahama, at a time when Ghana was experiencing chronic blackouts.