Tag: IPPs
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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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Gov’t woos renewable energy IPPs with attractive waivers
Government has rolled out waivers for Independent Power Producers (IPPs) of renewable energy at a time that it has suspended the issuing of licenses to IPPs in the thermal space over concerns of excess power generation. This also follows government’s plan to increase the country’s renewable energy capacity to ten percent by 2020. Deputy Energy…