• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics
Saturday, July 12, 2025
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

ECG receives GHc200m from PDS to service IPPs debt

Delali Adogla-BessabyDelali Adogla-Bessa
July 12, 2019
Reading Time: 1 min read
ShareShareShareShare

The Electricity Company of Ghana (ECG) has confirmed receipt of GHc 200 million from the Power Distribution Service (PDS) Limited.

This amount is to be used to defray part of the debt ECG owes independent power producers in the country.

The payment comes after the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB) issued a seven-day ultimatum to the Ministry of Finance over $600 million owed it.

The General Manager for Public Relation and Communications at the ECG, Dan Adjei Larbi explained to Citi News that the payment was to a response to the concerns of the IPPs.

“This is not coming because of the purported threat that they [the IPPs] issued and if it was because of the threat, they would have released all the amount.”

The payment was in line with an existing agreement, he added.

“Whatever money PDS collects, there is a portion for the power producers and because ECG has the power purchase agreements the money will be transferred to ECG and then subsequently, ECG pays the power producers.”

Meanwhile, the Chamber of Independent Power Producers, Distributors and Bulk Consumers have confirmed knowledge of the release of funds to ECG, but say they are yet to receive any payments from ECG.

On July 8, the IPPs, which currently supply about 1,500 megawatts of electricity threatened to shut down their plants if PDS fails to settle debts amounting to over $700 million within eight working days.

The IPPs in question were Sunon-Asogli Power (Ghana) Limited, BXC Solar Ghana, Cenit Energy Limited, Cenpower Generation Company Limited and Karpowership Ghana Company Limited.

The Energy Minister, John Peter Amewu had been directed by the government to engage the IPPs threatening to shut down their plants over debts owed them.

 

Tags: ECGPDS
ShareTweetSendSend
Previous Post

5G: Learning about the benefits and transformations it brings to our lives

Next Post

Help us arrest fertilizer smugglers – Agric Ministry appeals

Related Posts

Featured

ECG to embark on nationwide “ALL MUST PAY” Revenue Mobilisation Campaign

July 11, 2025
Business

ECG revenue hits GHC1.6bn in first half of 2025 – Jinapor

July 2, 2025
News

ECG justifies power cut at Rehoboth Estate over 83 illegal connections

July 2, 2025
Featured

CUTS Int’l threatens legal action over PURC tariff hike

July 1, 2025
Featured

ECG a major GRA debtor for years – Boamah-Nyarko

June 18, 2025
Featured

Public CEOs must be held accountable for mounting ECG debts – Suhuyini

June 18, 2025
Next Post

Help us arrest fertilizer smugglers - Agric Ministry appeals

ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections

© 2024 All Rights Reserved Citi Newsroom.