The Chamber of Independent Power Producers, Distributors and Bulk Consumers has commended the Energy Minister, Dr. Mattew Opoku Prempeh, for his good leadership and working relationship that has helped resolved some major issues in the energy sector.

This is coming after the Chamber cancelled energy debt and arrears via “accounting set offs” owed by government to the tune of $600 million.

“These settlements, as announced by the Deputy Minister of Energy, William Owuraku Aidoo, on the floor of Parliament during a question time yesterday, Thursday, 24th February, 2022 came as a result of some debt forgiveness and cancellations via accounting set offs, amounting to over $600million, which we think the IPPs deserve public commendation for”, a statement from the Chamber read.

“These settlements did not come only as a financially settlement. It involves forgiveness of debt and cancellation through accounting set off which amounted to over $600 million; and I think that the IPPs deserve public commendation for that kindness”, Elikplim Kwabla Apetorgbor, Chief Executive of the Chamber told Joy Business.

“I must commend the Energy Minister for the good leadership and for creating a good working relationship between the IPPs and the Ministry of Energy to have issues discussed from a business perspective and with wisdom that has yielded this result”.

The Chamber however urged the Ministry of Energy not to interfere in the current structure of revenue disbursement and allocation to the IPPs.

“Going forward, we do not expect interference in the current structure of revenue disbursement and allocation.