The Africa Centre for Energy Policy (ACEP) has argued that proposed amendment to the AMERI agreement brings a greater cost to government than the existing deal.
The existing AMERI contract was seen to be very expensive at $510 million cashflow over 5 years.
The renegotiation was expected to achieve better terms for the country.
But from ACEP’s analysis, the proposed amendment to the AMERI agreement “the total cash flow for the renegotiated deal is 1,125,007,380.”
“Given that half of the AMERI contract has been executed government would be paying a total of $1.375 billion for the AMERI power plant over approximately 18 years instead of the original $510 million. We have discounted the number in the annex table which shows that discounted or not the renegotiated contract is not better than the original contract.”
The full statement can be viewed here.
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By: citinewsroom.com/Ghana
