Dumsor: IPPs to cut power by June 30

The Independent Power Producers (IPPs) have issued a warning that they will cut power supply by June 30 unless the government settles their outstanding debts owed them.

The IPPs are demanding payment and have stated that they will shut down their plants if the government fails to initiate payment within the next few days.
It has been revealed that the government has yet to begin negotiations for payment, despite earlier indications that talks were underway for restructuring the energy sector debt.

The Electricity Company of Ghana (ECG) had previously mentioned discussions for a monthly payment plan to avoid a potential shutdown, but the CEO of the IPPs, Elikplim Apetorgbor, in an interview on Accra-based Joy FM on Thursday, June 22, 2023, stated that they have not been engaged in any negotiations and have only heard about the proposals through the media.

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He emphasised the urgent need for action, highlighting that if no remedial measures are taken, they cannot guarantee a stable power supply after June 30, which is seven days’ time.

Finance Minister Ken Ofori Atta recently announced plans for vigorous reforms in the energy sector to address the mounting debts and sustainably reduce losses.

These reforms aim to tackle the sector’s legacy debt and the projected shortfall between 2023 and 2025, caused by challenges faced by State Owned Enterprises and Independent Power Producers

Source: Classfmonline.com