John Jinpor has announced that Karpowership has suspended decision to withdraw operations
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced that independent power producer Karpowership has rescinded its decision to halt operations on May 18, 2025.
According to the minister, successful negotiations were held with officials of Karpowership, resulting in an agreement on a roadmap to settle the $400 million debt owed to the company.
He emphasised that the debt, inherited from the previous New Patriotic Party (NPP) administration, has presented significant challenges to the current government’s operations in the energy sector.
Speaking in an interview on TV3’s News360, Jinapor assured the public not to worry about a potential power crisis, stating that Karpowership had agreed to suspend its planned shutdown.
“If you take Karpower, for instance, we have had very good meetings with them, and I can tell you the good news is that they have withdrawn the May 18 deadline. That’s very positive news, and that’s what we do here – we find solutions.
“We have agreed on a roadmap with Karpower, and the letter has been withdrawn. We inherited that problem, a legacy debt of $400 million,” he said.
Earlier, on May 14, 2025, Jinapor had disclosed during a stakeholder meeting in the energy sector that Karpowership, which supplies 450MW of power to the national grid, had notified the ministry of its intention to suspend operations due to non-payment.
Ghana’s energy sector is currently grappling with excess debt of $3.1 billion, including $1.7 billion owed to Independent Power Producers (IPPs) and GH¢2 billion in monthly under-recoveries by the Electricity Company of Ghana (ECG).
SB/MA