The Chief Executive Officer of the Independent Power Producers (IPP), Dr Elikplim Kwabla Apetorgbor, has hinted that three power plants are set to shut down due to debts owed to the IPPs.
According to him, the government has failed to honour its promises to pay the $259 million debt owed by the Electricity Company of Ghana (ECG).
Speaking on JoyFM’s Top Story on Tuesday, Dr Apetorgbor warned that if the issue remains unresolved, the three key power plants will cease operations by next week.
“If nothing is done by the end of this week, next week, three key power plants will shut down,” he warned.
While he declined to name the affected plants, he stressed, “For now, it's confidential but I can tell you if nothing is done, three key IPPs will be shutting down as well.”
Addressing questions about reconciliation efforts, Dr Apetorgbor dismissed their impact, asserting that reconciliation would not change the situation.
“For us, we are up to date with our numbers so we know what we are talking about. Government does not even know how to account for the power sector figures… so you don’t even have to trust figures coming from them,” he stated.
The Finance Minister, Dr Mohammed Amin Adam, had announced that Ghana’s power supply is expected to stabilise following a renegotiated agreement between the government and Sunon Asogli.
This new deal aims to resolve power disruptions caused by financial disagreements between Sunon Asogli and the ECG, which saw the former shut operations temporarily.
Dr Adam confirmed that an agreement had been reached, assuring the public of improved power stability.
He added that this renegotiated deal with Sunon Asogli forms part of a broader restructuring initiative involving other IPPs.
But responding to this, Dr Apetorgbor questioned the authenticity of the Minister’s claims.
He argued that if the Finance Minister's statements were accurate, the public would see evidence next week, as three additional IPPs get set to shut down.
“I have made it clear that those statements he made were actually political. He cannot produce any agreement that he has signed with any IPP. If he has, let him share it with the public,” he added.
Latest Stories
-
IMF engages Ghana on 2025 Budget, progress under bailout program
4 hours -
‘Don’t allow anyone to bring in their players to the Black Stars’ – Otumfuo tells Kofi Adams
5 hours -
Star Oil board chair advocates giving back to the community at commissioning of school for CK Kope
5 hours -
Dr Rashid Computer assumes office as CEO of GIFEC
6 hours -
Fisheries Minister Emelia Arthur pledges support for inland fishers
6 hours -
Star Oil commissions school to end dangerous river crossings for CK Kope children
6 hours -
Over 5,300 trained teachers face National Service delays due to expired accreditation
7 hours -
An insight into the Extradition of Criminal Fugitives
7 hours -
Lands Minister assures of innovative mining reforms to curb illegal activities
8 hours -
Odadeɛ ’96 year group saves lives on Valentine’s Day, pays bills of 3 patients in ICU
8 hours -
4 passengers dead in attack near Walewale; 9 hospitalised after alleged military brutality
8 hours -
Health Minister meets U.S. Ambassador to discuss health challenges amid foreign aid cuts
8 hours -
Mintah Akandoh takes Cholera vaccine to dispel myths
8 hours -
Martin A. B. K. Amidu writes on ‘Pervasive coup mentality’ in Mahama gov’t
8 hours -
Some SHSs in Greater Accra face financial crisis as BoG accounts mysteriously emptied
9 hours