Independent Power Producer Sunon Asogli Power Ghana Limited has denied receiving any portion of the $30 million that the Ministry of Finance says it has directed to be released by the Controller and Accountant General's Department (CAGD), despite previous government assurances.
This situation has raised concerns regarding the company's financial stability and operational capacity.
The denial comes on the heels of Sunon Asogli's recent decision to shut down its 560MW power plant due to an outstanding debt of $259 million owed by the Electricity Company of Ghana (ECG).
The prolonged debt has significantly impacted the company's ability to operate efficiently, prompting the shutdown.