Tag: Chamber of Independent Power Producers
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Chamber of IPPs compliments government’s efforts at resolving some energy challenges
The Chamber of Independent Power Producers, Distributors and Bulk Consumers has complimented the efforts of the Energy Minister, Dr. Mattew Opoku Prempeh, for his good leadership and working relationship that has helped in the settlement of some major issues in the energy sector. This follows an announcement by a Deputy Minister of Energy, William Owuraku…
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Partner private sector to attain renewable energy goals – IPPs to government
The Chamber of Independent Power Producers says for the government to attain its renewable energy target in the country’s energy mix, it is important that it includes the private sector. The government has over the years consistently failed to attain its target on renewables for the country. In an interview with Citi Business News, Chief…
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Lessen debt burden on IPPs for stable power supply – Togbe Afede to Gov’t
President of the National House of Chiefs and Co-founder of Sunon Asogli Power Ghana, Togbe Afede XIV, has lamented the poor state of Ghana’s energy sector stating that it is reeling under financial distress due to government’s inability to pay promptly for power supplied by Independent Power Producers. According to him, the debt owed them…
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CIPDiB hails energy sector debt payments; wants outstanding arrears cleared
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB), wants government to prioritize clearing all outstanding debt owed its members to ensure continuous power supply in the coming days. The debt, according to the Chamber, has affected operations of its members, creating challenges since 2016. This comes days after government cleared USD 203…
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IPPs threaten dumsor over US$1.5bn debt owed by ECG/PDS
The Independent Power Producers (IPPs) have warned that the country could be plunged into dumsor if monies owed them by Electricity Company of Ghana or the erstwhile Power Distribution Services (PDS) are not paid on time. A statement issued by the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) revealed that they are…
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IES wants thorough engagement in gov’t, IPPs take or pay renegotiation
The Institute of Energy Security (IES) has called for further engagement between government and the independent power producers regarding the renegotiation of take or pay agreements. Their comment comes after the Chamber of Independent Power Producers and Bulk Distributors also called on the government to consider an efficient way to renegotiate power purchasing agreements with…
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Article: What next for government as dumsor clock ticks?
In 1984, Ghana was confronted with its first electricity crisis as a result of a severe drought of the lake, very much attributable to climate between 1982 and 1984. It was reported that the total inflow into the dam between 1982 and 1984 was less than 15% of the expected total, and that triggered power…
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Banks, investors shun IPPs over US$600m ECG/PDS debt — power producers
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…
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Article: Boosting energy access, security in West Africa through regional cooperation
The developed part of the globe have found reliable and affordable energy as an enabler to goods and services that has enriched and extended lives. And for developing countries, the need for consistent supply of affordable energy is more vital to modernizing agriculture, increasing trade, empowering women, saving lives, improving transportation, expanding industries, and powering…
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Chamber of Independent Power Producers, Distributors and Bulk Consumers inaugurated
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana) was on Tuesday inaugurated to assist the government in the area of policy formulation and regulation of the energy sector. The Chamber among others would help to create a platform for advocacy towards influencing legislation in the area of energy, serve as an…