Ameri deal: Contract sum reduced by 13% after renegotiation – Amin Adam – Citi Business News
A Deputy Minister-designate for Energy, Dr. Mohammed Amin Adam, says the committee tasked by President Nana Addo Dankwa Akufo-Addo to renegotiate the contract sum of the Ameri power agreement succeeded in getting the amount reduced by 13%. He said the committee also managed to secure a favourable payment term for a $90 million amount that was supposed to have been paid upfront. The Mahama administration in 2015 signed a contract with Ameri to rent 300 megawatts of emergency power generators from AMERI at the peak of the country's power crisis. The power agreement with the UAE-based Ameri Energy cost $510 million.