The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CiPDIB) has congratulated the newly appointed Managing Director of the Electricity Company of Ghana, Samuel Dubik Masubir Mahama.
Samuel Mahama was appointed in May 2022 to replace Kwame Agyeman-Budu after the latter had retired.
Before his appointment, Mr Samuel Mahama was a member of ECG’s Board.
In a statement issued by the CEO of the chamber, Dr Elikplim Kwabla Apetorgbor said: “We expect that you will build on the healthy relationship you had developed with the IPPs in your capacity as the Chairman of the Energy Trading Committee of ECG Board.
“You are helming the affairs of ECG at the time ECG’s sustainability is saddled with debts to the IPPs worth US$900 million.
“We appreciate the Cash Waterfall Mechanism (CWM) fair allocation platform but it starves us of revenue and has not lived up to the ultimate revenue allocation expectation to meet our obligations,” the statement said.
“While we look up anxiously to you to collect more revenue and make good this debt in good time, we wish you the very best and pledge, cooperation and willingness and offer suggestions for your success because your success is our success,” the statement concluded.
Source: https://thelegiit.com
