Dumsor looms as Independent Power Producers warn gov't to pay debt owed them

Dumsor looms as Independent Power Producers warn gov't to pay debt owed them

- Independent Power Producers (IPPs) have cautioned that the country could be plunged into dumsor if monies owed them by ECG or PDS are not paid on time.

- They revealed that they are owed US$1.5 billion by ECG

- According to them the debt owed them puts the energy sector under “serious threat”

Our Manifesto: This is what YEN.com.gh believes in

The Independent Power Producers (IPPs) have cautioned that the country could be plunged into dumsor if monies owed them by Electricity Company of Ghana(ECG) or 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.

According to them the debt owed them puts the energy sector under “serious threat”.

READ ALSO: Shatta Wale sacks one of his militants from his team

“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.

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

“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.

READ ALSO: AG’s department allegedly fingered in yet-to-be-aired 'Cash for Justice' documentary

In other news, the opposition National Democratic Congress (NDC) says the 2020 elections is a foregone conclusion for their flag bearer, John Dramani Mahama.

According to NDC Member of Parliament, John Jinapor, the party has intercept some damning recordings and information that will definitely make the ruling government, NPP unpopular in 2020.

“The meetings that have been held at Senchi and so on…Whatsapp messages, voice recordings and information we have had; sometimes because of the love for the nation, we keep quiet…things have really gone on…As for 2020, it’s a foregone conclusion for John Mahama by God’s grace” he said on UTV.

READ ALSO: Election 2020: NDC has intercepted damning recordings on NPP - John Jinapor

Yenkasa: Would You Test Your Partner's Loyalty by Setting Them Up With a Friend? | #Yencomgh

Subscribe to watch new videos

Your stories and photos are always welcome. Get interactive via our Facebook page.

Source: Yen.com.gh

Mailfire view pixel