The Chief Executive Officer of the Independent Power Producers (IPP), Dr. Elikplim Apetorgbor, has raised an alarm over the potential shutdown of three major power plants due to unpaid debts owed by the Electricity Company of Ghana (ECG).
Speaking to Citi Business News on Tuesday, November 19, Dr. Apetorgbor disclosed that the government has defaulted on a $259 million payment, placing immense pressure on energy producers and threatening the nation’s power grid stability.
“I can confirm that all is not well. If there is no intervention before Friday, I can tell you that by Monday, three key power plants will be off the grids. It is a serious matter, it is not fun,” he cautioned.
The warning follows President Nana Addo Dankwa Akufo-Addo’s commissioning of the Bridge Power Project, a facility designed to address power shortages in the energy sector. However, Dr. Apetorgbor expressed skepticism over claims that the new project will end Ghana’s intermittent power outages, popularly known as “dumsor.”
“To say that the commissioning of this plant is going to put dumsor to rest, I find it difficult to relate,” he remarked, casting doubt on the assurances given during the ceremony.
The IPP CEO also criticized repeated promises from the government to address the debt crisis, stating, “We have received these assurances severally, so this can’t sway us. We are resolute.”
Dr. Apetorgbor’s comments underscore the urgent need for the government to settle outstanding debts to sustain energy production and avoid another energy crisis.
With the clock ticking, all eyes are on the government to avert a potential shutdown and ensure uninterrupted power supply for industries and households alike.
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