Nana Amoasi VII, Executive Director of the Institute for Energy Security (IES), has called on the government to act swiftly to prevent an impending power shutdown as three significant power plants face possible closure due to unpaid debts.
The concern stems from a $259 million debt owed by the Electricity Company of Ghana (ECG), which the government has yet to clear.
This information was disclosed by Dr. Elikplim Apetorgbor, CEO of the Independent Power Producers (IPP), during an interview with Citi Business News on Tuesday, 19th November.
Dr. Apetorgbor's comments come shortly after President Akufo-Addo inaugurated the Bridge Power Project, a new initiative aimed at alleviating energy shortages in the country.
The inauguration of this project highlights the importance of maintaining a stable power supply in Ghana's energy sector.
In an interview with Citi FM on Wednesday, Nana Amoasi VII stressed the urgency of the situation, urging the government to address the matter without delay to avoid a potential power crisis.
“The bird whispered to us at the IES that they intend to take such a step. There is a fear that if they don’t act now, they won’t have the leverage or that audacity to convince the next government to pay them, and so they are venting out their frustration."
“I believe that they will make do their word judging from where Asogli took us from. We never believed that any IPP would shut down for the second time. Asogli did as of the 8th of October."
“…We believe strongly that they will make do their word and that government must take them seriously and act now to avert any [power shutdown],” he said.
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