Tag: IPPs
-
We did not provide guarantees to IPPs – World Bank clarifies
Following recent media reports, the World Bank wishes to clarify that it has not provided any financing or guarantees to the Independent Power Producers (IPPs) that signed Power Purchase Agreements with the Government of Ghana or the Electricity Company of Ghana during the (Dumsor) energy crisis in 2014-2016. A statement issued by the World Bank…
-
Government settles over 50% power debt owed IPPs
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB), has revealed that government has settled a little over 50% of the overdue debt owed them. According to them, this leaves the current indebtedness of the government to the IPPs at about $750 million. This comes barely two months after the Chamber threaten to…
-
We have no political agenda, we only want debt cleared – IPPs to government
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) has refuted accusations by government that it is creating unnecessary tension in the country by threatening to cut power supply should government fail to settle the over one billion dollar debt owed its members. The Chamber insisted that it is an apolitical group with…
-
Settle remaining debts or we’ll withdraw our services – IPPs to government
The Chamber of Independent Power Producers, Distributors and Bulk Consumers has served notice of its intent to withdraw services to the Ghana Grid Company (GRIDCo). According to a statement signed by its CEO, Elikplim Apertorgbor, the failure of government to settle at least 80 percent of its due debt worth over a billion dollars is…
-
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…
-
Gov’t makes significant savings in gas supply agreement with Cenpower
Government and Cenpower Generation Company Limited (Cenpower), a major power producer in Ghana have successfully secured terms for a gas supply agreement, GSA. According to the agreement, Cenpower Generation Company Limited (Cenpower) has committed to switching its primary fuel from light crude oil (LCO) to natural gas and signed a gas supply agreement (GSA) with…
-
Pay fuel suppliers regularly to ensure continuous power supply – IPPs to government
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana) has questioned government’s commitment to regularly pay its members to ensure a continuous supply of power in the country. This comes days after Government announced an amended Power Purchase Agreement with CENIT Energy Limited, a Ghanaian independent power producer. According to the Chamber, government…
-
Help reduce debts in Ghana’s energy sector – Government to IPPs
Government has called on Independent Power Producers (IPPs) in the country to help reduce debts and provide a stable energy supply for Ghanaians. The advice comes after the government successfully secured terms for an amended Power Purchase Agreement (PPA), with CENIT Energy Limited (CEL), a Ghanaian independent power producer. Per the agreement, CEL has decided…
-
Pay IPPs; consider renewable energy to reduce cost – IES to Gov’t
The Institute for Energy Security, IES, wants government to provide at least half of the $1.4 billion dollars owed Independent Power Producers to curtail a possible shutdown of their plants. Executive Director of the Institute, Nana Amoasi the 7th, says there would be dire consequences for power supply in the country if the IPPs carry…
-
Electricity tariffs must go down despite Government’s relief to consumers – CUTS Ghana
Research and Public Policy Think Tank, CUTS Ghana, which has petitioned the Public Utilities Regulatory Commission,(PURC) to reduce electricity tariffs to reflect the current cost of generation, says the call is valid despite the newly announced interventions by government. Lifeline consumers of electricity are to enjoy free power for three months, whereas all other consumers…