WAPCo threatens to cut gas supply for non-payment of $82 million debt

Ghana may return to acute power rationing in the coming days should the Volta River Authority (VRA) fail to settle its 82 million dollar indebtedness to the West African Gas Pipeline Company, WAPCo.  

The company has notified the VRA it may cut gas supply to it by closing WAPCo’s valves at Ghana's end of the pipes. Sources close to WAPCo said its board approved the decision unless  VRA pays the money. 

Sources at WAPCo said the company is unable to meet its overhead and other operational costs due to indebtedness of the VRA.  

Deep-throat sources at VRA admitted its indebtedness to WAPCo but said the monies were locked up with the Asogli Power Plant, the Tema Oil Refinery (TOR),  Electricity Company of Ghana (ECG) and other independent power producers that are yet to settle their debt to them.  

At Asogli Power, another source confirmed its indebtedness to VRA but also pointed at ECG, saying until ECG settled its indebtedness, it would be difficult to pay VRA. 

The ECG offered no comment but wanted to wait until it was able to mobilise funds from government agencies and corporate and domestic clients.

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