In an interview on Citi FM on Tuesday, June 27, the CEO of the IPPs, Elikplim Apetorgbor, stated the federal government is but to start negotiations for fee, regardless of earlier indications that talks had been underway for restructuring the power sector debt.
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”Principally we’re saying that we lack the assets to proceed technology past thirtieth June and we’re giving them [Finance Ministry] as much as March. We didn’t hear from them however the truth is past June we simply don’t have the useful resource to proceed to produce.”
Mr. Apetorgbor additional indicated that they haven’t been engaged in any negotiations from the Electrical energy Firm of Ghana (ECG) as effectively.
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He emphasised the pressing want for motion, highlighting that if no remedial measures are taken, they can’t assure a steady energy provide after June 30.
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“We have now sacrificed so much for the economic system, the debt in query is already debt we now have borrowed from our lenders and we are able to’t clarify to them that we are able to’t pay as a result of Ghana’s economic system is in shambles, they gained’t pay attention,” Mr. Apetorgbor added.
Finance Minister Ken Ofori Atta just lately introduced plans for vigorous reforms within the power sector to handle the mounting money owed and sustainably cut back losses.
These reforms goal to sort out the sector’s legacy debt and the projected shortfall between 2023 and 2025, attributable to challenges confronted by State Owned Enterprises and Impartial Energy Producers.
