Stalky be an athlete, and tell Ipps to put him in the stable room."
We heard old Ipps skating obediently all over the floor.
having thermal efficiency below the NEPRA benchmark were bearing the additional cost of fuel as it was not a pass through in the tariff, he said.
According to the IPPs
, as at the time the Electricity Company of Ghana (ECG) was taken over by the PDS, they were owed over $400 million.
The sources further alleged that NEPRA had relieved Salman Amin from his service apparently to save the skins of its officials, 'as they are allegedly involved in awarding high electricity tariffs to IPPs
on false and fraudulent information/documents, which resulted in high prices of electricity and caused colossal losses to national exchequer'.
In the PPP second tenure of government in 1993-96, power purchase agreements were made with IPPs
the clauses of which were heavily loaded against the national interest, particularly the capacity charges clause, which binds the National Distribution and Transmission Company (NDTC) to make 40 percent payments as capacity charges.
Instead of paying more than P1.0 billion, the government-run firm emphasized that the scale of RPT charges to the five contracted IPPs
will be cut to P205.5 million, on account of the provisions of EO No.
So, while capacity payments are being made, there is no way to carry the electricity to the consumer, hence the IPPs
are receiving payment but utilisation of electricity is considerably less.
The committee will also review matters pertaining to payments made to the IPPs
, payables to the IPPs
, lower-than-required collection of consumer bills by distribution companies, electricity tariff determination policies and procedures, and identify unethical or illegal practices, if any.
88, signed by the President, covers the power generating facilities of IPPs
under build-operate-transfer (BOT) contracts with government-owned and-controlled corporations (GOCCs).
Part of the two-page order reads that the dues are set"to an amount equivalent to the tax due if computed based on an assessment level of 15 percent of the fair market value of the property, machinery and equipment depreciated at the rate of two percent per year and less any amount already paid by IPPs
. "All interests on such deficiency real property tax liabilities are also hereby condoned and the concerned IPPs
are relieved from payment thereof.