In Ghana, the IPPs which supply half of the 2,700 MW produced by the country, say they will be forced to shut down their plants if the state does not pay the $ 1.4 billion it owes them. They will, in fact, soon be unable to meet the operating costs of the power plants.
In Ghana, independent producers (IPP) are threatening to cut off the supply of electricity to the electricity grid due to default by the state. The latter owed them $ 1.4 billion as of June 30, 2020.
In a press release, the Chamber of Independent Power Producers, Distributors and Large Consumers said debt continues to “accumulate, forcing independent producers to take out expensive loans to continue financing electricity production.” Before continuing “This situation is grim and there is a real risk that independent producers will shut down their power plants if the situation is not resolved immediately”.
Independent producers produce nearly 50% of the country’s maximum production, which amounts to 2,700 MW. The 12 independent producers operating in the country want the government to set out its plan for repaying this debt when it presents its mid-annual budget scheduled for July 23. This forecast should also include, according to them, the measures that will be taken to allow the national electricity company, the ECG to pay its suppliers on time.
Source: Agence Ecofin
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