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28.10.2019 General News

IPPs Chase Gov't For $1.5bn Debt

IPPs Chase Gov't For $1.5bn Debt
LISTEN OCT 28, 2019

The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) is demanding payment of debts owed it by the government and the Electricity Company of Ghana.

The power producers say the cumulative outstanding debts owed it has escalated to 1.5 billion dollars.

“The cumulative outstanding debt position of the GoG/ECG alone has escalated to about USD $ 1.5 billion. The CIPBID is once again compelled to ask that payment of the obligations of GoG/ECG be made as a matter of urgency. Immediate disbursement from funds that have been built up in PDS accounts is essential to enable us continue to produce power.”

“The energy sector is clearly under serious threat and we would urge government of Ghana and its agencies, including ECG and MIDA, as well as the MCC to cooperate to ensure that decisions are taken that enable Ghanaians to have access, affordably to reliable energy supply,” CIPDiB demanded in a statement signed by its Chief Executive Officer, Elikplim Kwabla Apetorgbor.

The Chamber recently warned that power consumers could be faced with severe power outages if the debt owed its members by government are not paid.

Below is the full statement from CIBDiB:




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