Independent Power Producers (IPPs) are to hold an emergency meeting over the government’s failure to settle outstanding arrears.
The debt owed the IPPs has escalated from 2 billion dollars to approximately 2.3 billion dollars. Earlier, the IPPs had decided against shutting down their power plants that supply the national grid, following what they believed were productive discussions with the Electricity Company of Ghana.
Despite assurances and the continuation of power production in July after the June 30 deadline, it appears that the agreements made during the engagements have been breached, much to the disappointment of the IPPs.
The upcoming emergency meeting will focus on finding a strategy to resolve the government’s indebtedness and avoid potential power crises.