The Electricity Company of Ghana (ECG) has confirmed receiving Gh¢200 million as part payment for the about Gh¢600million outstanding debt, owed independent power producers.

According to the General Manager of Public Relations and Communications at the ECG, Mr Dan Adjei Larbi, the money was paid by the Power Distribution Service (PDS) Limited.

The Chamber of Independent Power Distributors and Bulk Consumers (CIPDIB) had threatened that if the outstanding debt of Gh¢600million was not paid, they were going shut down their production plants.

Following that, the Ministry of Finance is said to have released the part payment.

But Mr Adjei Larbi in a radio interview with Accra based Citi FM on Friday rejected suggestions that the money was not released because of CIPDIB’s threat.

Speaking on the matter, the Chief Executive Officer of CIPDIB, Mr Elikplim Kwabla Apertorkpor said they were yet to receive the money from ECG.

“We’ve not been engaged by the Ministry of Energy but we had a conversation with ECG that government has released Gh¢200 million to pay part of the debt but actually 200 million is nothing compared to the demand of the IPP… We will be having a meeting to know our position and the way forward,” he said.

Source: graphic.com.gh