Independent Power Producers, responsible for about 50 percent of power generation in the country, have stated that they have been blacked out by their bankers over their inability to settle matured obligations to their bankers
This comes after the power producers threaten to shut down their power plants over the inability of ECG/PDS to pay them about US$600 million being power supplied.
Speaking on the Citi Breakfast Show this morning, Elikplim Apetorgbor, Chief Executive of Chamber of Independent Power Producers, Distributors and Bulk Consumers complained that the companies have gone the extra mile to produce power and yet are unable to retrieve monies owed them.
“These companies have gone the extra mile and would want to keep the power on always. And at least we expect the government to honour its obligations to us based on the agreement we have with them.
Things are not really working well. The banks that used to support us do not want to give us any further credit. Our investors that used to support us do not want to commit any funds further. So, they should really appreciate that things are not really working.
Some complain that they were not even able to raise enough monies to pay their workers and they had to depend on overdraft. Why should it be so? Does it mean the power we generated is free?,” Mr. Apetorgbor said.
But Minister for Information, Kojo Oppong Nkrumah responding to the claims by the power producers stated that government has engaged the key stakeholders to understand exactly where the challenge is coming from.
He told Bernard Avle, host of the Citi Breakfast Show, that the Power Producers should expect the government to make headway on the impasse latest by midweek