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Dumsor Alert: $259m debt threatens shutdown of 3 power plants

November 20, 2024
in News
Dumsor Alert: $259m debt threatens shutdown of 3 power plants
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There would be more power outages dumsor next week if government does not settle its indebtedness to independent power producers (IPP’’s) that’s the warning from Chief Executive Officer of the Independent Power Producers Dr Elikplim Kwabla Apetorgbor.

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Already Sunon Asogli has shut down its power plans over $259m debt owed by ECG, which is currently causing power outages in the country.

Dr Akpetogbor says government has failed to honour its promises to pay and also debunked assertions by Finance Minister, Dr Mohammed Amin Adam, has renegotiated agreement with the IPPS.

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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.

“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.

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