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 strategise 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 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.
Latest Stories
-
WPL 2023/24: Battle for glory as Northern and Southern zone clubs chase playoff spots
6 mins -
Ghana’s Press Freedom Index improvement nothing to write home about – Sam George
13 mins -
Ghana Wellness and Healthcare Awards slated for June 14
17 mins -
OSP begins investigation into alleged bribery of EC staff by Kwadaso MP
22 mins -
Ghana FA laud Coach Zito with standing ovation after Dreams FC’s exploit in Africa
24 mins -
Asantehene worried over brain drain in African contemporary arts
28 mins -
Hearts of Oak legend berates current players for poor form
47 mins -
Unless EC has rules against officials receiving lunch money, nothing can be done in ‘envelope scandal’ – Prof Agyeman Duah
50 mins -
Singer Ayra Starr releases artwork, track list for ‘Sophomore Album’
60 mins -
Actress Sola Sobowale debunks drug trafficking and arrests in Saudi Arabia
1 hour -
Zebra on loose after escape in US mountain country
1 hour -
Apple iPhone sales fall in nearly all countries
1 hour -
Bawumia takes campaign tour to Western Region
2 hours -
Ghana and India discuss trade at the fourth JTC meeting
2 hours -
Nkwanta South: MCE kneels to beg chiefs to give peace a chance
2 hours