Tag: Independent Power Producers
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AGI urges government to prevent any deliberate power plant shutdowns
The Association of Ghana Industries (AGI) has charged the government to deal decisively with issues that threaten the reliable supply of power to homes and industries in Ghana. The AGI’s reaction follows the threat from the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB), to shut down their power plants if the Ministry…
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US$600m debt: We have no contract with Independent Power Producers — PDS
The Power Distribution Services (PDS) has denied being indebted to the independent power producers as there it has no contract or whatsoever with any of them. The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB) in a statement had accused PDS/ECG of being indebted to its members to the tune of about US$600…
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Power producers threaten shutdown over unpaid bills
Independent power producers in the country have served a seven-day ultimatum to the government, through the Ministry of Finance, to impress upon Power Distribution Services (PDS) to expressly release funds to pay all outstanding debts – estimated at US$300 million as at June 2019 – or they shut down their plants. “We caution that should…
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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…
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Government paying US$140m to IPPs every month — BoG
Governor of the Bank of Ghana, Dr. Ernest Addison has revealed government is currently paying more than US$140 million every month for power produced by independent power producers, regardless of whether the power is used or not. Dr. Addison speaking at Monday’s Monetary Policy Committee press briefing in Accra said the amount is a drain…