Energy Ministry Assures Uninterrupted Power Supply Despite $379m Karpowership Debt

The Ministry of Energy has provided assurances that the $379 million debt owed to Karpowership, the operator of the Aboadze power barge, will not precipitate any disruptions in power supply.

Despite Karpowership's threat to suspend electricity supply unless the outstanding arrears are settled, the Ministry has reaffirmed its commitment to ensuring a stable and uninterrupted power supply.

According to Isaac Agyei Kwakye, the Public Relations Officer for the Ministry, the sector Minister, John Jinapor, has engaged in constructive dialogue with Karpowership to devise a plan for settling the debt.

Mr. Kwakye emphasized that the government is resolute in its determination to prevent any disruptions in power supply, thereby ensuring that the nation's electricity needs are met.

"The Minister is of the view that if we can introduce efficiency in the system, these liabilities will certainly be cut down," Kwakye stated. 

He cited the Auditor General's report, which revealed significant under-declared amounts by the Electricity Company of Ghana (ECG).

This revelation underscores the need for enhanced transparency and accountability in the management of revenue.

Kwakye explained that the Minister proposes the introduction of a single account for all revenue collected, thereby ensuring timely payments to Independent Power Producers (IPPs) like Karpowership.

"And even if we are not able to pay all of them, certainly you know how much you are collecting and you are able to disburse the money accordingly," he added.

The Ministry acknowledges the substantial debt burden but remains steadfast in its commitment to finding pragmatic solutions.

"Ghana government has the responsibility to ensure that it provides electricity to the nation. And we as a ministry will do everything within our power to ensure that we do just that," Kwakye assured.

Story: Phalonzy