PDS Spends 200 Million ECG Debt Servicing Internet Service Providers



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PDS Spends 200 Million ECG Debt Servicing Internet Service Providers

The Ghana Electricity Company (ECG) has confirmed the receipt of an amount of 200 million Gh ¢ from the PDS (Power Distribution Service) Limited intended to cover part of the debt that ECG owes to producers. independent electricity in the country.

The payment comes after the Chamber of Independent Producers of Energy, Distributors and Large Consumers (CIPDIB) has sent a seven-day ultimatum to the Ministry of Finance giving it more than $ 600 million.

Dan Adjei Larbi, director general of public relations and communications at the ECG, told Citi News that the payment was a response to the concerns of the PPIs.

"It does not come because of the so-called threat that they have [the IPPs] issued and if it was because of the threat, they would have released all the amount. "

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

"Whatever the money that PDS collects, there is some for the electricity producers and, as ECG has entered into electricity purchase agreements, the electricity supplier, the electricity supplier, the electricity supplier, and the electricity supplier, are all eligible for electricity. money will be transferred to ECG, which will pay them later, "Larbi said.

In the meantime, the Chamber of Independent Producers, Distributors and Consumers has confirmed that it has been informed of the release of funds to ECG, but has not yet received any payment from ECG.

On July 8, the PPIs, which currently supply about 1,500 megawatts of electricity, threatened to shut down their plants if PDS did not settle its debts of more than $ 700 million within eight days. working days.

These companies included Sunon-Asogli Power (Ghana) Limited, BXC Solar Ghana, Cenit Energy Limited, Cenpower Generation Company Limited and Karpowership Ghana Company Limited.

The government ordered Energy Minister John Peter Amewu to mobilize the IPPs to threaten them with closing their factories because of their debts.

-Citinewsroom

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