The Minister for Energy and Green Transition, John Abdulai Jinapor, has announced that Independent Power Producer Karpowership has rescinded its decision to halt operations over unpaid debts.
According to the Minister, the decision follows successful negotiations between the government and officials of the company, resulting in an agreed roadmap to settle a $400 million debt owed to Karpowership.
Speaking in an interview on TV3, Dr Jinapor assured the public that there was no immediate threat of a power crisis, as the company had withdrawn its planned May 18 shutdown deadline.
He described the development as positive, noting that the government remains focused on finding solutions to challenges within the energy sector.
The Minister explained that the outstanding debt was inherited from the previous New Patriotic Party administration, adding that it has posed significant operational challenges.
Karpowership, which supplies about 450 megawatts of power to Ghana’s national grid, had earlier indicated its intention to suspend operations due to non-payment.
Dr Jinapor said both parties have now agreed on a structured roadmap to address the debt, which paved the way for the withdrawal of the shutdown notice.
The agreement is expected to stabilise power supply and provide breathing space for the government as it works to resolve outstanding financial obligations in the sector.
The development offers reassurance to consumers and businesses amid concerns over potential disruptions to the electricity supply.
