As Independent Power Producers (IPPs) meet today to strategise on how to retrieve about $2.2 billion debt owed by the government, the Institute for Energy Security (IES), is impressing the government to give in the strongest word of committing to settling the debt to the IPP’s.
Reacting to the development, the Executive Director of IES, Nana Amaosi VII, urged government to be transparent with the Power Producers in other to win their trust.
“I think what government can do is by saying we owe you this much, and we are making an attempt to pay you. However, going forward, we are ensuring there is no backlog in your payment because we have a consistent and reliable scheme of revenue to manage obligations with you”.
“This is enough assurance and good relief to them”, he stated.
The IPPs had earlier threatened to stop supplying power to the national grid if the government fails to fulfill part of its obligations to them.
It took the intervention of the Managing Director of the Electricity Company of Ghana to stop the planned power cut to the national grid, after a promise to settle some of the debt.
Today’s meeting by the IPPs aims at addressing the ongoing issue of non-payment by the government with respect to the consumption of electricity.
Latest Stories
-
Sony Music slams tech giants for unauthorised use of stars’ songs
23 mins -
Check out the nominees list for the 2024 BET Awards
58 mins -
TVET sector stresses need for industry collaboration for skills development
2 hours -
Algerian man found alive in cellar after 26 years
2 hours -
South Africa seeks halt to Israel’s Gaza offensive
2 hours -
Cement price increment worst I have seen in recent times – Executive Secretary, GREDA
3 hours -
Family in shock as missing 12-year-old found dead in Korle Lagoon after Monday’s downpour
4 hours -
Samira Bawumia highlights Ghana’s strides in clean cooking solutions at UNESCO summit in France
4 hours -
US-funded Power Africa Program expands access to clean and affordable energy for Ghanaians
4 hours -
Asantehene’s daughter talks marriage, royal dynamics and cultural understanding
4 hours -
Encroachers on Ghana-Burkina Faso boundary line defy May 5 deadline to relocate
5 hours -
Government must invest in ECG to resolve revenue leakages – IES
5 hours -
The Right Turn: A Conclusive Guide to Road Safety
5 hours -
My father loves education – Asantehene’s daughter
6 hours -
EC insists IMANI got it wrong on SALL exclusion claims
6 hours