The New Patriotic Party (NPP) government is on the heels of Middle East Resources Investment Group LLC – otherwise known as AMERI Group or AMERI Energy – which had signed an agreement with Ghana to produce power during the previous Mahama administration.
This is because a committee set up by the Ministry of Energy to restructure the $510 million Build, Own, Operate and Transfer (BOOT) Agreement between Ghana and AMERI Energy has recommended to the government that it should call back owners of the Dubai–based company for renegotiation.
It turned out that AMERI Energy was charging over $150 million commission and the committee therefore recommended that if the company refused to honour the invitation for re-negotiation, the government should renounce the agreement on grounds of fraud.
The BOOT Agreement signed on February 10, 2015 with the Ministry of Power representing the Ghana government set tongues wagging when the real amount involved was revealed.
Third Party Deal
DAILY GUIDE stumbled on the committee’s report which indicated that in the course of the investigations, the committee took notice of the fact that the whole of the project was executed and financed by a company called PPR, which was registered in Turkey at a charge that was considerably lower than that agreed between the Government of Ghana and Ameri Energy (under the BOOT Agreement).
“The Committee recommends that Ameri Energy should be invited back to the negotiation table to address and remedy the issues enumerated in this report and for GoG to aim to claw back a substantial portion of the over $150 million commission. In the event that Ameri Energy refuses to come to the negotiation table, GoG should repudiate the Agreement on the grounds of fraud,” the report said.
According to the Committee, the BOOT Agreement was signed as an emergency power agreement to help reduce the power supply deficit at the time, and the project was expected to be delivered within 90 days after the fulfillment of conditions precedent.
It said the delay in implementing the BOOT Agreement “defeated its classification as an emergency project.”
Grossly Unfair
“Even though the plant is operational, several omissions and concessions were made in the BOOT Agreement which require re-negotiation, amendments and restructuring of the Agreement. The Agreement simply is grossly unfair and is not as it presently stands, in the best interest of Ghana.
“The Committee has enumerated technical, financial and legal observations and recommendations in the report that are aimed at rectifying the anomalies in the BOOT Agreement for effective and efficient implementation of the project,” it added.
It said that the recommendations were also to serve “as a guide for future negotiations of power projects,” and advised that the government “should take all necessary measures to avoid power supply deficits which result in the execution of emergency power agreements.
Minister’s Directive
Minister of Energy Boakye Agyarko inaugurated the 17-member Committee on February 1, 2017 to review, restructure and recommend areas for amendment of the BOOT Agreement and the committee had reviewed the agreement “based on its technical, financial and legal merits/demerits and identified issues that should form the basis for re-negotiation of them BOOT Agreement with Ameri Energy.”
Heated Debate
The AMERI deal, which involved the installation of 10 General Electric TM 2500 aero-derivative gas turbines at the cost of over $510 million at the Aboadze Power enclave, near Takoradi in the Western Region, later turned out to be exorbitant for the taxpayer, thereby sparking heated political debate.
The lid was blown in December 2015 by award-winning Norwegian newspaper Verdens Gang (VG) which published that the power generating gas turbines were estimated to cost $220 on the international market, but the NDC government contracted them for $510 million for Ghana, excluding service charges.
The newspaper’s investigative journalist tracked a Pakistani-born Norwegian, Umar Farooq Zahoor, a fugitive who is said to have played a lead role as a director in the deal between Ameri Group and the government.
According to the Norwegians, Umar Farooq was said to be the middleman between the Ghana government and the Dubai-based single-purpose company.
Umar Farooq, the newspaper said, was being pursued by the authorities in Norway as well as Interpol for organised crime, including money laundering.
Legal Action
AMERI Energy later said it was suing the Norwegian newspaper for $150 million over reports of alleged fraud that the company engaged in relating to the supply of the 10 gas turbines to the Government of Ghana.
The charge of defamation, according to AMERI’s lawyers, was over “incessant and relentless defamatory campaign against a fair and transparent business deal between our client and the Government of Ghana for the procurement, installation and operation of 10 gas turbines on Build, own, operate and transfer (BOOT) basis.”
It is unclear whether AMERI Energy was able to pursue the defamation suit.
Source: Daily Guide
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THESE NDC LOOTERS SHOULD FACE THE FULL REG OURS OF THE LAW
Massa; how STOOOOOOOOOOOpid can you be !!!!!! ; the GOG is not repudiating the debt ; the GOG is calling for a re-visit of the whole AMERI agreement ; the commision as agreed by the agents and Jon Mahama was blatant steeling and unfair ; the intent was to still from Ghanaians ;who does not know Jon Mahama as a THIFF !!!!!!; the NPP cannot determine the commission but have the right to re-visit the agreement and rectify and ask the Courts to rectify the unfairness of the agreement; if such commission was not fair then the Courts will determine such agreements; Jon Mahama did not have Ghana at 'heart' his aim and intention was to steel from Ghanaians ; you can bet your bottom dollar these Dubai so called business agents will not go to court and will settle because this bad publicity for them ; they know Jon Mahama i and the NDC are and will negotiate when the matter goes to COurt .
Was the 150 million commission on a percentage basis? If not, then who the fork in the FORKING NPP determines how much commission one must charge for a job?
Another judgement debt in the making. NPP f0ols.
Mr. President we the people of this country called Ghana voted massively for you to check this blatant ***barred word*** from NDC government they should all be investigated and pay back our money.
Frankly ; all aggreements including all loan aggreements should be re-visited again by Nana Addo because Jon Mahama and the NDC are the biggest 'galamasey' loan robbers in Ghana's history ; the funny thing is that the NDC party wants Ghanaians to vote for them again in 2020 and are advocating for this northner BIG THIFF to come back again so NDC can still more from Ghanaians ; Jon Mahama Roland Agambire; Kofi Buah and others are involved in this toxic loan deals and should be hurled before the Courts because to me this is TREASON !!!!!because there was intent to still from the state ; when the AMERI deal was announced ;these NDC vultures and cococroaches went from radio stations defending Jon Mahama just like the Woyome case ; today the truth is comming out; JON MAHAMA IS NAKED and worse is to come yet ; when these loans are investigated it will come to light that Jon Mahama ; Seth Terpkor ; Ato Forson ; Mona Quartey and the Chief Directors at Ministry of Finance were involved in massive diversion of funds and loan frauds into their private accounts; I personally have nothing against the junior staff in the civil Service but it is these Chief Directors at these Ministery that are robbing Ghana 'BRUTAL' !!!!!! Nana Addo should screen the Civil Service top Directors and should not allow them a free hand in any negotiation on any front because they are real the real UNSEEN HANDS THIFFS in the stilling mayhem in Ghana today and causing the DOWNFALL GHANA ; THIS IS ANOTHER GALAMSEY IN FINANCIAL SECTOR AND MUST STOPPED BY NANA ADDO !!!!!PRONTO ; JON MAHAMA THIS NORTHNER KRIMINAL SHOULD BE ARRESTED FOR TREASON AGAINST GHANAIANS -NOW !!!!!
I told you so! The Ameri deal stinks to high heaven.Fellas this is just the beginning.Let them look into the Karpower plant deal too and you will see how callous ,insensitive and criminal John Mahama and his friends are.One of the burdens of the Ghanaian right now is high electricity tariffs for both domestic and industrial users. This emanates from the fact that Ghana was ripped off big time by this kleptomaniac we had for a president.Again my friends why do you think your water bills have gone up by more than 1000%?Simple. The desalination plant at Teshie is the cause. The process used to transform sea water to potable water[reverse osmosis] is extremely expensive. Ask yourself if that plant was necessary. Of course not.But the black man is cruel even to his own kind so some NDC maggots got the company to Ghana to produce water at a cost that is higher than a gallon of petrol in some countries. So what happened to the great Volta River? Of course the Ghana Water Company simply passes the extra cost to you and I. The NDC is a cursed institution,full of pathological th13ves.
We are waiting for Mahama to come 2020 as promise and we the voter will tell him all that he did to Ghanaians. A word to to the wise is enough. This Roland guy should be investigated well to refund all monies paid to him fraudulently. And should include the ***barred word*** laptops for the 2012 elections.
THE BENEFICIAL OWNERS OF THE AMERI DEAL ARE JM AND ROLAND AGAMBIRE