The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) has refuted accusations by government that it is creating unnecessary tension in the country by threatening to cut power supply should government fail to settle the more than one-billion-dollar debt owed its members.
The Chamber insists, it is an apolitical group with the objective of championing the interest of power producers in the country and not any political agenda.
A statement issued by the Chamber, and signed by its Chief Executive Officer, Elikplim Apetorgbor, explained that the energy sector is currently on life support and the growing debt is crippling the Ghanaian economy hence, its pressure on government to clear the debt.
The statement further explained that on the average, the IPPs since 2017, are paid just barely 40% of power invoices on a monthly basis which is not enough to sustain operations, especially when these low payments have persisted for so long.
It said members had to resort to loans to keep their operations going but at the cost of crippling debt service obligations which have become unsustainable hence the demand for prompt payment.
