<\/p>\n
Nana Amoasi VII, Executive Director of the Institute for Energy Security (IES), has urged the government to take immediate action to prevent a looming power shutdown as three major power plants face imminent closure over unpaid debts.<\/p>\n
The concern arises from a $259 million debt owed by the Electricity Company of Ghana (ECG), which the government has failed to settle.<\/p>\n
This was disclosed by the CEO of the Independent Power Producers (IPP), Dr. Elikplim Apetorgbor, in an interview with Citi Business News on Tuesday, November 19.<\/p>\n
Dr. Apetorgbor\u2019s revelation comes in the wake of President Akufo-Addo\u2019s inauguration of the Bridge Power Project, designed to address energy shortfalls in Ghana\u2019s power sector.<\/p>\n
\u201cI can confirm that all is not well. If there is no intervention before Friday, I can tell you that by Monday three key power plants will be off the grids. It is a serious matter; it is not fun. We have received these assurances severally so this can\u2019t sway us. We are resolute,\u201d Dr Apetorgbor noted.<\/p>\n
Speaking in an interview on Eyewitness News<\/strong><\/em> on Citi FM<\/strong><\/em> on Wednesday, Nana Amoasi VII indicated that the government needed to take the matter seriously and act on it immediately.<\/p>\n \u201cThe bird whispered to us at the IES that they intend to take such a step. There is a fear that if they don\u2019t act now, they won\u2019t have the leverage or that audacity to convince the next government to pay them, and so they are venting out their frustration.<\/p>\n \u201cI 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.<\/p>\n \u201c\u2026We believe strongly that they will make do their word and that government must take them seriously and act now to avert any [power shutdown],\u201d he stressed.<\/p>\n Three power plants face imminent shutdown over $259m debt<\/p>\n<\/blockquote>\n\n