By Dominic Hlordzi
The Chamber of Independent Power Producers (IPPs), says its members are not open for any discussion on debt restructuring programme.
The Finance Ministry in a letter proposed debt structuring programme for the power producers but the IPPs are objecting to the proposal and are rather asking government to come up with a payment plan towards the settlement of their about $1.5 billion in arrears.
Chief Executive Officer of the Chamber, Dr. Elikplim Apetorgbor, who spoke with GBCNEWS, commended the Electricity Company of Ghana for its revenue mobilization drive.
He hoped that monies collected would be expeditiously paid to the power producers.
He explained that there is no contention over the actual amount government owes them. He said the power producers are demanding payment schedules to enable them to invest in their operations to enhance power generation.
