Independent Power Producers threaten to cut power supply by June 30

 

Independent Power Producers threaten to cut power supply by June 30

The Independent Power Producers, Distributors and Bulk Consumers are threatening to cut power supply to the national grid by the end of June 2023 if the government fails to settle its debt.

This could create a huge power shortfall as the IPPs control over 65% of the available thermal generation capacity in the country.

Joy Business understands a letter to that effect will be sent to the Finance Minister, Ken Ofori-Atta, tomorrow May 29, 2023.

Joy Business further learned that as of April 2023, the government owed the IPPs $1.630 billion.