Dr. Elikplim Apetorgbor, Chief Executive Officer of the Independent Power Producers (IPP), has issued a warning that three key power plants are on the verge of shutting down due to outstanding debts.
He revealed that the government has failed to settle a $259 million payment owed by the Electricity Company of Ghana (ECG).
This warning comes shortly after President Akufo-Addo commissioned the Bridge Power Project, aimed at addressing energy sector shortfalls.
Speaking in an interview with Citi Business News on Tuesday, November 19, Dr. Apetorgbor urged the government to act quickly to prevent a shutdown, stressing the urgent need to resolve the debt to ensure continued energy production.
“I 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,” he asserted
He also stressed that: “We have received these assurances severally so this can’t sway us. We are resolute.”
He also criticized the assurance from President Akufo-Addo that the country will no longer experience the energy shortages, popularly known as dumsor, that plagued it in the past following the commissioning of the new Bridge Power Project
“To say that the commissioning of this plant is going to put dumsor to rest I find it difficult to relate,” he added.
