The Chairman of Parliament’s Mines and Energy Committee, Samuel Atta Akyea, has stated that his team will hold a critical meeting with energy sector players next week to address concerns raised by Independent Power Producers (IPPs) about significant outstanding debts that threaten the national grid’s stability.
The conference will bring together the committee, the Finance Minister, the Electricity Company of Ghana (ECG), and the IPPs in order to find a solution to the situation.
“It is critical for the Finance Minister, the ECG Boards, and the committee to set a clear plan for addressing this situation,” Mr. Atta Akyea added.
“We must prevent a situation in which the administration is pressed into measures that may be seen as blackmail,” he continued.
He went on to say that the committee is “dedicated to identifying a solution that is in the best interests of all parties.”
The IPPs, which control about 50 percent of the country’s generation mix, have highlighted that the outstanding debts have hindered their access to working capital, preventing them from financing crucial inputs such as chemicals for water treatment in thermal generators and other supplies, many of which are priced in foreign currency, primarily the US dollar.
The meeting is scheduled to take place on Monday or Tuesday of next week.
