Independent Power Producers

Brace for dumsor in the coming days if the government is unable to pay at least 30% of over $1.4billion owed to power producers by the close of this month. Independent Power Producers (IPPs) have served their last notice to the finance Minister, Ken Ofori-Atta, that they will shut down plants or simply cut power supply to the national grid from July 1, 2023, should their demand go unaddressed. The communique was issued after an emergency meeting on Tuesday. In its official letter to the finance minister, the IPPs cited an earlier demand for 30% payment of outstanding arrears of each…

Energy Expert Mr Kwame Jantuah has told the Finance Minister to pay the Independent Power Producers (IPPs) what is due them to enable them to continue to supply power. Mr Jantuah said the country cannot afford to go through power cuts hence the government must do all it can to meet the needs of the IPPs. “I expect the president to ask the Finance Minister why have we sat down all this while and not been able to pay. “Try as much as possible to offer something to the Independent Power Producers,” he said on the Big Issue on TV3…

The Chamber of Independent Power Producers (IPPs) says its members are not open to any discussion on the debt restructuring programme. In a letter, the finance ministry proposed a debt restructuring programme for the power producers, but the IPPs are objecting to the proposal and are instead asking the government to come up with a payment plan for the settlement of about $1.5 billion in arrears. The Chief Executive Officer of the Chamber, Dr. Elikplim Apetorgbor, who spoke with GBCNEWS, commended the Electricity Company of Ghana for its revenue mobilization drive. He hoped that the monies collected would be expeditiously…