Dumsor looms as Karpower serves notice to shut down its plant on May 18 over $400m debt

Karpowership Ghana operates the Aboadze power barge. They plan to shut down on May 18, 2025. This decision is due to over $400 million in debt.

Earlier, Karpowership threatened to stop electricity supply. They demanded that the government pay its debts. A meeting took place on February 10, 2025, between Energy Minister John Abdulai Jinapor and Karpowership officials.

Ghana's energy debts have exceeded $3 billion. This includes debts from the Electricity Company of Ghana (ECG). The International Monetary Fund (IMF) has warned about these energy debts.

JOY NEWS reported that Karpowership plans to shut down by May 18 due to their debt. However, Karpowership Ghana stated there is no immediate threat of a shutdown.

Sandra Amarquaye, Communication Manager for Karpowership Ghana, spoke with Joy Business. She mentioned they met with the Energy Minister about the accumulated debt. Negotiations are ongoing, and no shutdown is imminent based on these discussions.

Ms. Amarquaye emphasized their strong relationship with Ghana. They remain committed to finding a sustainable solution together.