Finance

IPPs threaten to shutdown over unpaid debts

Independent Power Producers in the country have threatened to shut down their operations over unpaid debts by the government.

In a ‘notice of shutdown’ letter to the CEO of the Ghana Grid Company, the power producers noted: “we would like to inform you about our firm resolve to withdraw our services in the coming days’ Ad Infinitum.”

The letter signed by its CEO, Elikplim Kwabla Apetorgbor stressed: “this action follows our demand on the Electricity Company of Ghana (ECG) and Government of Ghana (GoG, to settle at least Mb of our overdue receivables worth about USD1Billion, as a matter of urgency and priority.”

“The respective Central Control Rooms (CCRs) of the IPPs are expected to communicate with the GRIDCo’s Systems Control Centre, please. Any inconvenience is deeply regretted, Sir,” it added.

The ministry of energy was copied in the letter.

 

Source: laudbusiness.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button