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IPPs threaten dumsor over US$1.5bn debt owed by ECG/PDS

The Independent Power Producers (IPPs) have warned that the country could be plunged into dumsor if monies owed them by Electricity Company of Ghana or the erstwhile Power Distribution Services (PDS) are not paid on time.

A statement issued by the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) revealed that they are owed US$1.5 billion by ECG; a situation they argue puts the energy sector under “serious threat”.

“The cumulative outstanding debt position of the GoG/ECG to IPPs alone has escalated to about USD$1.5 Billion! The CIPDiB is once again compelled to ask that payment of the obligations of GoG/ECG be made as a matter of urgency,” the Chamber said in a statement issued on Monday.

The IPPs currently generate about 2,600 MW which is about 60 percent of the total generation in the country’s power sector.

According to the IPPs, the outstanding debt leaves the energy sector under “serious threat”.

“We would urge the Government of Ghana and its agencies, including ECG and MiDA, as well as the MCC to co-operate to ensure that decisions are taken that enable Ghanaians to have access, affordably, to reliable energy supply,” the statement added.

source:citinewsroom.com

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