Dr. Elikplim Apetorgbor
The Impartial Energy Turbines Ghana (IPGG) has welcomed the introduction of the GH¢1 Power Sector Levy, stating that it’s a vital measure to revive stability within the energy sector.
In response to the IPGG, the coverage intervention is each vital and time-sensitive, given the precarious monetary state of the sector.
It due to this fact extends its agency assist for the federal government’s introduction of the levy, which it described as aimed toward addressing the rising and unsustainable debt inside the electrical energy worth chain.
In an announcement signed by its Chief Govt Officer, Dr. Elikplim Kwabla Apetorgbor, it identified that the sector’s misery, which impacts energy producers, gasoline suppliers, and system reliability, is a direct consequence of the mismanagement and misapplication of beforehand established Power Sector Levy and bond proceeds and loans.
“Funds that had been earmarked for the settlement of legacy money owed and restoration of monetary well being weren’t utilized with the self-discipline, transparency, and accountability that the sector required”, it added.
Energy Supply Ecosystem Underneath Immense Pressure
It continued that the complete energy supply ecosystem is now below immense pressure, stressing that Impartial Energy Turbines (IPGG) are unable to recuperate prices, preserve belongings, or safe well timed gasoline provides, a state of affairs that undermines grid stability, endangers electrical energy reliability, and diminishes confidence amongst buyers and monetary companions.
“On this context, IPGG commends the present administration for taking duty and initiating decisive, corrective actions. The introduction of the GH¢ levy is a realistic and forward-looking measure. If correctly ring-fenced, monitored, and utilized transparently, it could possibly function a reputable instrument for restoring liquidity and credibility within the energy sector”, the assertion alluded.
The IPGG acknowledged the real burden any new levy locations on customers, particularly below present financial situations.
Nonetheless, it stated the results of inaction, blackouts, plant shutdowns, job losses, and erosion of nationwide productiveness are much more extreme and quick, including, making certain a secure and resilient electrical energy provide is a shared duty that requires collective sacrifice and institutional accountability.
It due to this fact appealed to all Ghanaians to assist this measure in good religion, concluding, “We stand able to collaborate with the federal government and all stakeholders to make sure that the proceeds are successfully utilized, and that the sector is positioned on a path of monetary sustainability, operational effectivity, and long-term resilience”.
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