Elikplim Apetorgbor
The Independent Power Generators, Ghana has denied reaching an agreement with the government to restructure the $1.0 billion debt owed its members.
According to its Chief Executive Officer, Dr. Elikplim Kwabla Apetorgbor, negotiations have not been concluded.
In a statement, he said misleading statements about the status of the negotiations have significant repercussions, including pressures and demands from the members' principals.
“I refer to pronouncements by the Minister for Finance [Dr. Mohammed Amin Adam] and Minister of State at the Ministry of Energy [Herbert Krapah] suggesting that an agreement has been reached with IPPs is inaccurate. Let me categorically state that no such agreement has been reached at this time”.
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