CENIT Energy Limited, a private company owned by the Social Security and National Insurance Trust (SSNIT), has written to inform GTS Engineering Limited that it will terminate the Operation and Maintenance contract with them by 31st December 2022.
A letter signed by the Chief Executive Officer of CENIT Energy Limited Victor Onoja and sighted by enegynewsafrica.com said, “We wish to inform you that CENIT Energy Limited will no longer be renewing or extending the terms of the Operation and Maintenance contract after 31st December 2022.”
The letter said there would be a competitive tendering process for the operations and maintenance management services contract for the CENIT plant and your company will be invited to participate.
“Thank you for your service and we wish you success in your future endeavours,” it concluded.
Checks by energynewsafrica.com indicate that CENIT Energy Limited signed an operations and maintenance (O&M) contract for its 126 Megawatts power plant located in Tema industrial area in 2013.
The contract ended in 2020 and it was renewed for two more years.
Surprisingly, within two years, energynewsafrica.com understands that management of CENIT Energy decided to review the contract after every month and also cut the Operations and Maintenance (O&M) cost by 50 per cent without engaging GTS Engineering Limited on their decision.
The information available to this portal indicates that GTS Engineering Limited does not have any other contract apart from the one with CENIT Energy which means the company will be sending its 65 work workforce.
Speaking to energynewsafrica.com, Commercial Manager at CENIT Energy Limited, Albert N. Ayirebi-Acquah said the decision to terminate the contract is purely commercial.
He explained that for some time now, the company has restructured its business by cutting down on expenditures to ensure sustainability.
Source: https://energynewsafrica.com