1.5% electricity tariff reduction will make debt restructuring impossible – IPPs

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The Independent Power Producers (IPPs) have described the recent 1.52 percent reduction announced by the Public Utilities Regulatory Commission (PURC) on electricity tariffs as unacceptable. The IPPs said the reduction would affect ECG’s debt restructuring efforts. The President of the IPPs, Elikplim Akpetobor, said the ECG will struggle to pay its debt…
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