Tag: IPPs
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Mahama begs IPPs to reconsider shutdown over $1.73 billion debt
Mahama begs IPPs to reconsider shutdown over $1.73 billion debt Former President John Dramani Mahama has urged the Independent Power Producers (IPPs) to reconsider their decision to shut down their plants on July 1 due to the government’s outstanding debt of $1.73 billion. In a Facebook post on June 30, the former President emphasized that…
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Chamber of IPPs orders members to suspend power supply from July 1
There is an impending power crisis as the Chamber of Independent Power Producers (IPPs) has directed its members to cut supply to the national grid from July 1. The directive to nominate nothing and not declare an availability of power to the system operator is to last till July 8. Members of the Chamber include…
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Govt yet to engage IPPs over debts as power crisis looms
With just a day to the expiration of the deadline given by the Independent Power Producers to shut down over outstanding arrears, the group is yet to meet government for a favorable response. The two parties were expected to meet this week for an agreement on demands for a 30 percent interim payment of the…
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Ghana faces imminent power crisis as IPPs threaten shutdown over $1.73bn debt
Ghana is on the verge of a severe power crisis in the coming days if immediate measures are not taken to address an outstanding debt of $1.73 billion owed to the Independent Power Producers (IPPs). The IPPs have issued a renewed ultimatum, threatening to shut down their plants starting July 1, 2023, unless the government…
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Govt to engage IPPs next week over unpaid arrears
The government and the Independent Power Producers (IPPs) are set to have a meeting regarding the outstanding debts owed the producers. This meeting comes in response to a letter from the IPPs to the government, in which they threatened to suspend power supply starting from July 1, 2023, if an interim payment of 30% of…
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IPPs issue reminder to shut down from July 1 over unpaid arrears
The Independent Power Producers (IPPs) have threatened to suspend power supply beginning July 1, 2023 if the government does not give them an interim payment of 30% of their outstanding arrears. The IPPs agreed at an emergency meeting on Tuesday that if they do not receive payment, they will be unable to power the national…
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Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep
Pierre Frank Laporte, the World Bank (WB) Country Director to Ghana, says Ghana’s energy sector debt is a major contributor to the country’s debt woes. In an interview monitored by GNA, the country director indicated that his outfit had identified certain factors that were driving the country’s debt situations. According to Mr Laporte, one of…
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Independent Power Producers demand 30% payment of arrears
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) is demanding the payment of 30 percent of outstanding arrears owed its members by government. This call was agreed upon at an emergency meeting of IPPs on Tuesday 23rd May 2023. A statement issued by the Chamber and signed by its Chairman, Togbe Afede…
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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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IPPs demand full scale investigations into cause of power outage
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) is demanding a full-scale investigation into challenges in GRIDCo’s power system that led to a total system total power outage nationwide on Sunday, March 7, 2021. According to the Chamber, it expects that the grid managers will investigate the cause of the power failure,…