Independent Power Generators in Ghana have disputed a claim by the Minister for Finance, Dr Amin Adam, that the government had reached an agreement with them to restructure over US$1 billion legacy debt owed to the IPPs.
According to the power generators, there has not been an agreement with them yet as the Minister claimed.
“We have successfully concluded negotiations with several IPPs to restructure over $1 billion in legacy debt.
“This agreement not only provides fiscal relief but also sets the stage for a more stable and reliable electricity supply across Ghana.
“The restructuring of PPAs with IPPs like AKSA, Amandi, CENIT, Cenpower, Karpowership, Early Power and Sunon Asogli will alleviate financial pressures and enhance operational efficiencies.
“This initiative underscores our commitment to resolving longstanding challenges in the energy sector while promoting sustainable development goals,” Dr Mohammed Amin said during a press conference on Monday.
However, in a statement clarifying what had transpired between the Independent Power Generators, Ghana, and the Government of Ghana’s negotiation team, the Chief Executive Officer of the IPPs, Dr Elikplim Kwabla Apetorgbor, said the last time they met was in April and since then no agreement on any terms had been reached.
“The posture and generalization that the Government has secured a debt restructuring agreement with the IPPs is not only misleading but also amounts to public deception,” said Dr Elikplim Apetorgbor.
He urged the Minister for Finance to refrain from making such inaccurate statements and to engage in transparent and honest communications.
“We remain committed to constructive dialogue and finding a mutually beneficial resolution to the ongoing discussions,” he stated.
Source: https://energynewsafrica.com