The Institute for Energy Security (IES) has issued a stern warning to the government regarding the imminent shutdown of three key power plants due to a $259 million debt.
Nana Amoasi VII, the Executive Director of IES, emphasised the seriousness of the situation and urged the government to act swiftly to prevent a power crisis.
“The bird whispered to us at the IES that they intend to take such a step. In fact, there is a fear that if they don’t act now, they won’t have that leverage or that audacity to convince the next government to pay them, and so they are venting out their frustration,” Nana Amoasi VII stated.
He further highlighted the precedent set by Asogli, an Independent Power Producer (IPP), which had previously shut down operations due to similar issues.
“I believe that they will make do their word judging from where Asogli took us from. We never believed that any IPP would shut down for the second time. Asogli did as at 8th of October,” he noted.
The IES Executive Director stressed the urgency of the matter, calling on the government to take the IPPs’ threats seriously and act immediately to avert any power shutdown.
“We believe strongly that they will make do their word and that government must take them seriously and act now to avert any power shutdown,” he stressed.
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