Six Independent Power Producers (IPPs) which currently supply about 1,500 megawatts of electricity have threatened to shut down their plants if Power Distribution Services (PDS) Limited fails to settle debts amounting to over $700 million within eight working days.
While acknowledging the negative impact a shutdown of power plants will have, they said they are left with no choice since they cannot continue to be saddled with huge debts.
According to them, as at the time the Electricity Company of Ghana (ECG) was taken over by PDS, they were owed over $400 million.
They said ever since PDS took over, it has not paid them a dime, resulting in accumulation of another debt of over $300 million, bringing the total debt to over $700 million.
The companies – Sunon-Asogli Power (Ghana) Limited, BXC Solar Ghana, Cenit Energy Limited, Cenpower Generation Company Limited and Karpowership Ghana Company Limited – are members of the Chamber of Independent Power Producers and Bulk Consumers (CIPDIB).
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