- IES says consumers should brace for more outages
- The government owes approximately $1 billion to IPPs
- Sector experiencing cash flow constraints
The Institute for Energy Security (IES) Ghana has asked consumers to brace for more power outages. In an interview with Citi News, Executive Director IES, Nana Amoasi VII, said the current outages result from the Ghanaian government’s debt to the Independent Power Producers (IPPs). He added that failure to settle the debt would lead to further outages.
”There are transmission issues and distribution inefficiencies, and all these, you will need money to address them, and we have our energy sector debt go up, causing a lot of cashflow constraints for these utilities to change their systems”, Amoasi VII said.
”I can boldly tell you that the government owes the IPPs close to $1 billion. So every moment you see the debt rising with the sector and that cash constraints create a lot of maintenance challenges, that affects the reliability of power supply”, he added.
This comes as the Electricity Company of Ghana (ECG) issues a 22-day load shedding scheduled to last from Monday 28th June to Monday 19th July 2021.