The government has been informed by the operators of the Karpowership in the Western Region’s Aboadze that if the debt owed to them is not paid quickly, it will not be able to continue providing power.
This was disclosed by the company’s representatives during a meeting last Monday at the ministry in Accra between officials of the Karpowership barge and John Abdulai Jinapor, the Minister of Energy and Green Transitions.
Karpowership has threatened to shut down its generating plant if the Electricity Company of Ghana (ECG), the power distribution company, does not pay the debts totaling more than $370 million. Karpowership currently supplies the national grid with approximately 450 megawatts of electricity.
During the meeting with the sector minister, the company acknowledged the detrimental effects that a power plant shutdown would have on Ghanaians’ livelihoods and general well-being, but it claimed that it had no other option because it could not continue to be burdened with such large debts.
Mr. Jinapor emphasized the significance of Karpowership to the nation’s power industry and promised that the government would set up a payment plan right away to pay off Karpowership’s outstanding debts.
“We will prioritise making the required payments to ensure the continuous operation of the power generation company and engage in open and transparent communication with Karpowership,” he stated.
