Gov’t’s debt to IPPs nears $2.2bn
In light of the mounting debt owed by the government to Independent Power Producers (IPPs), a crucial emergency meeting is set to take place as IPPs strategize on how to retrieve the substantial outstanding amounts.
The IPPs, including Sunon Asogli, Cenpower, Karpowership, AKSA, Twin City Energy, and CENIT, collectively responsible for generating 2,010 megawatts of power, are deeply disenchanted as the government has allegedly breached its promise to settle a portion of the debt.
Consequently, they have expressed readiness to take drastic measures, including cutting power supply to the national grid, in response to the unresolved financial obligations.
Earlier, the specter of potential power fluctuations, colloquially referred to as ‘dumsor,’ loomed as the IPPs contemplated halting power supply.
However, this move was temporarily averted with the intervention of Samuel Dubik Mahama, the Managing Director of the Electricity Company of Ghana (ECG), who pledged to address part of the outstanding debt.
The IPPs’ emergency meeting seeks to chart a strategic course of action amidst growing frustrations over the government’s failure to meet its commitments.
For now, the IPPs are withholding further comments until after the meeting, keeping the nation in anticipation of potential ramifications should the debt situation remain unaddressed.
