The Independent Power Generators in the Republic of Ghana have rescinded their decision to shut down their power plants after the southern power distribution company, Electricity Company of Ghana settled part of the US$1.7 billion debt owed them during an emergency meeting Friday, June 30, 2023.
The IPPs demanded a 30 per cent payment of an outstanding US$1.7billion debt owed them by the power distributor.
The group resolved to shut down all their power plants which account for about 50 per cent of power generated on the national grid effective July 1,2023.
However, at an emergency meeting with some government officials on Friday, energynewsafrica.com understands ECG made some payment at the last hour to the IPPs although it was less the 30% demanded.
The group, this portal understands have accepted the offer by ECG and have therefore decided to rescind its decision.
Details soon
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