By Franklin ASARE-DONKOH
Information gathered from Ghana’s power distributor, the Electricity Company of Ghana (ECG) has it that the power distributor settled part of its debts to all Independent Power Producers (IPPs) for the months of June and July after earlier concerns expressed by the power generation companies.It said all the IPPs have received a second payment for current bills from June directly from the ECG.
The Chamber of Independent Power Producers had previously issued warnings of potential nationwide power cuts in response to the overdue payments.However, these threats were put on hold following productive discussions between the Chamber and the ECG.
The IPPs were pushing for a 30 percent interim payment of the debts, which had ballooned to over $2 billion.However, the information has it that invoices for the debts have been received by the IPPs with the ECG promising to be current with the payment going forward.