Ameri deal: Contract sum reduced by 13% after renegotiation – Amin Adam – Citi Business News
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Ameri deal: Contract sum reduced by 13% after renegotiation – Amin Adam – Citi Business News


Summary short_text

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.


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