Impartial Energy Producers (IPPs) have instructed the Minister of Finance that if their arrears will not be paid by June 30, they won’t be able to proceed the technology of electrical energy.
The IPPs mentioned their earlier request to Finance to pay an interim 30 % of their arrears to allow them to proceed to function has not been heeded by the Ministry.
“We check with our letters dated March 27, 2023 and Could 25, 2023 with reference numbers IPGG/1/2023 and IPGG/2/2023 addressed to the Minister [Finance] by which the IPP Chamber careworn the pressing necessity for the federal government to prioritise fee of the excellent arrears owed to members of the IPP Chamber to allow the IPPs to cowl vital operational prices required to proceed operations and pay overdue debt service”, the mentioned in a press release to the Finance Minister.
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The assertion added “We had indicated in our letters that IPPs wanted to obtain an interim fee of 30% of the excellent arrears of every IPP by twentieth June 2023.
“Sadly, now we have not seen any good religion indication or dedication of such impending fee from ECG/Authorities as of immediately, June 21, 2023, regardless of the Electrical energy Firm of Ghana’s current assortment efforts, as reported within the media, which yielded circa ¢3.1 billion.
“At an emergency assembly of the IPP Chamber held on Tuesday twentieth of June 2023, it was resolved that except the IPPs obtain the interim fee requested by the thirtieth June 2023 the members of the IPP Chmaber is not going to be able to ensure the continued technology of electrical energy after thirtieth June.”
