{"id":733578,"date":"2019-10-29T16:44:04","date_gmt":"2019-10-29T16:44:04","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/10\/29\/ipps-threaten-dumsor-over-us1-5bn-debt-owed-by-ecg-pds-2\/"},"modified":"2019-10-29T16:44:04","modified_gmt":"2019-10-29T16:44:04","slug":"ipps-threaten-dumsor-over-us1-5bn-debt-owed-by-ecg-pds-2","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/10\/29\/ipps-threaten-dumsor-over-us1-5bn-debt-owed-by-ecg-pds-2\/","title":{"rendered":"IPPs threaten ‘dumsor’ over US$1.5bn debt owed by ECG\/PDS"},"content":{"rendered":"
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\nFile photo: Power cut<\/figcaption><\/figure>\n<\/div>\n
Independent Power Producers (IPPs) have warned that the country could be plunged into \u2018dumsor\u2019 if monies owed them by Electricity Company of Ghana (ECG) or the erstwhile Power Distribution Services (PDS) are not paid on time.<\/p>\n
A statement issued by the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) revealed that they are owed US$1.5 billion by ECG; a situation they argue puts the energy sector under \u201cserious threat.\u201d<\/p>\n
\u201cThe cumulative outstanding debt position of the GoG\/ECG to IPPs alone has escalated to about USD$1.5 Billion! The CIPDiB is once again compelled to ask that payment of the obligations of GoG\/ECG be made as a matter of urgency,\u201d the Chamber said in a statement issued on Monday.<\/p>\n
The IPPs currently generate about 2,600 MW which is about 60 percent of the total generation in the country\u2019s power sector.<\/p>\n
According to the IPPs, the outstanding debt leaves the energy sector under \u201cserious threat.\u201d<\/p>\n
\u201cWe would urge the Government of Ghana and its agencies, including ECG and MiDA, as well as the MCC to co-operate to ensure that decisions are taken that enable Ghanaians to have access, affordably, to reliable energy supply,\u201d the statement added.<\/p>\n
File photo: Power cut Independent Power Producers (IPPs) have warned that the country could be plunged into \u2018dumsor\u2019 if monies owed them by Electricity Company of Ghana (ECG) or the erstwhile Power Distribution Services (PDS) are not paid on time. A statement issued by the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) […]<\/p>\n","protected":false},"author":1,"featured_media":717763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-733578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
IPPs threaten 'dumsor' over US$1.5bn debt owed by ECG\/PDS - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/10\/29\/ipps-threaten-dumsor-over-us1-5bn-debt-owed-by-ecg-pds-2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"IPPs threaten 'dumsor' over US$1.5bn debt owed by ECG\/PDS - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"File photo: Power cut Independent Power Producers (IPPs) have warned that the country could be plunged into \u2018dumsor\u2019 if monies owed them by Electricity Company of Ghana (ECG) or the erstwhile Power Distribution Services (PDS) are not paid on time. 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