The government’s indebtedness to the Independent Power Producers (IPPs) is expected to hit $2.2 billion by the end of July 2023
To this end, the IPPs will convey an emergency meeting tomorrow July 27, 2023, to strategize on how to retrieve some of the debt owed them by the government.
They have declined to give any further comment until after the emergency meeting.
Joy Business is learning that the IPPs are unhappy because the government has breached its promise to settle part of the debt and will not hesitate to cut the power supply to the national grid.
They had earlier threatened to stop supplying power to the national grid if the government fails to fulfill part of its obligations to them.
However, the intervention of the Managing Director of the Electricity Company of Ghana, Samuel Dubik Mahama, stopped the planned power cut to the national grid, after a promise to settle some of the debt.
The action could have led to power fluctuation popularly called ‘dumsor’.
Sunon Asogli, Cenpower, Karpowership, AKSA, Twin City Energy and CENIT together make up the IPPs.
In all, they produce 2,010 megawatts of power.
Joy business