Karpowership Ghana Limited, a major independent power generator in Ghana, has threatenes to shut down its 450 MW plant due to an unpaid debt of $270 million owed by the Electricity Company of Ghana (ECG).
This revelation was made by Minister-Designate for Energy and Green Transition, Hon. John Abdulai Jinapor, during his ongoing vetting process in Parliament.
He had received a letter from the company to that effect.
Karpowership has been operational in Ghana since 2015, supplying 23% of the country’s total electricity demand.
The company signed a Power Purchase Agreement (PPA) with ECG in 2014 to supply 450 MW of power.
However, the unpaid debt has put the company’s operations at risk, prompting the threat of a shutdown.
The shutdown would have significant implications for Ghana’s energy sector, which has struggled with power crises in the past, notably the “Dumsor” crisis.
Source: https://energynewsafrica.com
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.