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VRA must pay its debt in full or else…………….WAPCO

Written by  Oct 14, 2015
The Managing Director of the West African Gas Pipeline, Walter Peris has said that they expect the Volta River Authority (VRA) to pay them their debt in full, although the President had step in to ask WAPCO to resend their decision to cut gas supply to Ghana. He explained that, WAPCO would curtail the supply of gas to Ghana by Friday if we do not pay off our debt. Mr. Walter Peris revealed that the debt Ghana owes WAPCO has deteriorated to the extent that, it is affecting the financial obligations of the company. He said ‘’we are very certain that those in position of authority in Ghana are fully aware of this information and we are hopeful that they are taking appropriate measures to prevent curtailment’’. Mr. Peris explained although they are fully aware of the implication of their action, they had no other option to cut supply to VRA because the debt is too huge to consider. He indicated that, the debt has not only jeopardize their services but has also affected the delivery of sufficient and on time on time supply, He emphasized although WAPCO is aware of the significant importance of their services to Ghana especially with the current power crisis, the VRA must pay its debt. If WAPCO should curtail gas supply to Ghana on Friday, we would experience the worse dumsor because seven more thermal plants including Sunon Asogli, TAPCO, TICO, T3, TT1PP, TT2PP and MRP would be forced to shut down. Meanwhile President Mahama through cabinet has directed the Public Utility Regulatory Commission to sanction an increase in utility tariffs to pay off the debt. The VRA is owing  WAPCO to the tune of $181 million  and by Friday if they don’t pay in full WAPCO would cut a total of 75% of gas supply to Ghana.
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