Tag: IPPs
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IPPs call for removal of ‘unnecessary’ taxes on electricity tariffs
Independent Power Producers (IPPs) in the country have called on government to review taxes and levies imposed on electricity to bring some relief to consumers. According to the IPPs, the numerous levies slapped on electricity tariffs in Ghana has made the industry uncompetitive, over-burdening industry and households. In a statement sighted by Citi Business News,…
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Chamber of IPPs kick against gov’t’s plan to buy some of them with $2bn energy fund
The Chamber of Independent Power Producers, Distributors and Bulk Consumers [CIPDiB], wants the government to reconsider its decision to use a proposed two billion dollar energy sector fund to re-finance the existing debt and buy some Independent Power Producers. The Chamber contends that the move will not augur well for the country’s energy sector, as…
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GRIDCo staff to withdraw emergency services over GHS1.2bn debt
The Senior Staff and the Divisional Union of Ghana Grid Company (GRIDCo), has asked staff of the organization to withdraw all emergency services to push the government to settle debt owed the company by ECG, VALCO, defunct PDS and NEDCO. The Union says ECG and NEDCo owes about GHS607 million and GHS177 million respectively, while…
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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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CIPDiB gets to work by inaugurating a 15-member board
Togbe Afede XIV, Chairman of the Board of Directors of the Chamber of Independent Power Producers, Distribution Companies and Bulk Consumers, Ghana (CIPDiB) said, the formation of the Chamber was long overdue. He said it was a normal practice that operators in the same field of expertise and service delivery joined forces together to push…
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Spending over 96% of supplementary budget on debts is crucial – Prof. Quartey
Government’s decision to use almost 97% of its supplementary budget to pay debts may be described as better late than never. That is the position of the Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey. His comments come on the back of analysis by Citi Business News…
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We’re spending US$500mn on unconsumed power — Ofori-Atta
The Finance Minister Ken Ofori-Atta has said the previous administration signed power deals that cost the government about US$500 million per annum in power that is not consumed. Speaking at the presentation of the 2019 mid-year budget, Mr. Ofori-Atta said the country’s total installed capacity of 5,083 MW is almost double our peak demand of…
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Gov’t renegotiating expensive power purchase deals — Oppong-Nkrumah
Government has reiterated it’s committed to taking the necessary steps to ensure that high costs associated with bad power purchase agreements are significantly reduced. The Nana Akufo-Addo led administration has consistently accused the previous regime of signing power agreements which were knee-jerk reactions to the dumsor crisis, a situation which has led to the payment…
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Institute of Energy Security wants PDS to improve revenue collection
The Institute of Energy Security has charged the Power Distribution Service (PDS) to improve the collection of revenue for power sold in order to ensure prompt payment of power producers. The admonition follows threats by Independent Power Producers to cut power if some monies owed them are not paid. The Chamber of Independent Power Distributors…
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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…