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Three critical power plants in Ghana are on the verge of shutting down due to unpaid debts amounting to $259 million, the Chief Executive Officer of the Independent Power Producers (IPP), Dr. Elikplim Apetorgbor, has disclosed.
Speaking to Citi Business News on Tuesday, November 19, Dr. Apetorgbor revealed that the Electricity Company of Ghana (ECG) has defaulted on payments owed to Independent Power Producers. He warned that unless the government intervenes and clears the arrears, the plants could be shut down by Monday, November 25.
“I can confirm that all is not well. If there is no intervention before Friday, by Monday three key power plants will be off the grid. This is a serious matter; it is not fun,” he stated.
The warning comes shortly after President Nana Akufo-Addo inaugurated the Bridge Power Project, a new initiative aimed at bolstering the energy sector and eliminating power shortages, commonly referred to as “dumsor.”
However, Dr. Apetorgbor criticized the assurances provided during the commissioning, expressing skepticism about claims that the project would permanently resolve the country’s energy challenges.
“To say that the commissioning of this plant is going to put dumsor to rest, I find it difficult to relate,” he remarked.
The IPP CEO stressed that despite repeated assurances from the government, his organization remains resolute in its position, calling for immediate action to settle the debts and sustain energy production.
The looming threat of a shutdown raises concerns about the potential impact on businesses, households, and the overall economy, emphasizing the urgency of addressing the issue to avert a power crisis.
