The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) has disclosed that, there was no political agenda behind their earlier notice – intention to cut power due to over $1b debt owed its members.
In a statement sighted by Plan B FM, it reckoned that the pressure mounted on government to clear the debt is vindicated, indicating the energy sector as one currently on life support.
Signed by the Chief Executive of the Chamber, Elikplim Kwabla Apetorgbor, the release read, “The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) have taken note of the reportage with the above headline carried on www.citinewsroom.com which, among other things, quotes the Honourable Deputy Minister of Energy, Hon. William Owuraku Aidoo, as accusing the Chamber of IPPs as exhibiting traits of a pressure group.” and creating unnecessary tension with threats to interrupt power supply.
It added that their outfit wishes to assure government and the public that they have no political motives for the timing of the communique.
According to Chamber, the move is based purely on commercial exigencies they currently face and not any political agenda.
“It would interest the public to know that the Energy Sector debt to IPPs which was $124m at the end of 2016 has ballooned ten-fold to $1,180m as of 31st July 2020. Clearly, this is unsustainable and poses serious economic and financial risks to our members which is why we are being compelled to serve notice to Ghanaians about the possibility of a forced shutdown due to lack of funds to maintain our operations.”, the statement advised.
Below is the statement in full:
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