No agreement reached with IPPs, claims inaccurate – Apetorgbor
Published:
3 months ago
Source:
Channel 1 News
Dr Elikplim Kwabla Apetorgbor, Chief Executive Officer of Independent Power Generators Ghana, has disputed claims made by the Ministers of Finance and Energy, describing their assertion that the government has reached an agreement with Independent Power Producers (IPPs) as "inaccurate". His comments follow those made by the Minister of State at the Energy Ministry, Herbert Krapa, on August 16, who stated that the government has restructured legacy debt owed to IPPs, addressing a major concern that threatened their operations. According to Herbert Krapa, the renegotiation of these debts positions Ghana for success. However, Dr Apetorgbor asserts that negotiations have not been concluded, emphasising the need for the ministers to ensure accuracy in the information disseminated to the public. He expressed concerns about significant repercussions for misleading statements about the status of the negotiations, which also risk jeopardising Ghana's credibility and business relationships with key stakeholders.