Published: October 19, 2023 7:49 am
Author: RT
The West African country owes $17 million to a Turkish power operator
The lights went out in Bissau, the capital of Guinea-Bissau, after a Turkish energy company cut off power supplies over an unpaid debt of $17 million, Economy Minister Suleimane Seidi announced on Tuesday.
According to the official, the state-owned Electricity and Water Company of Guinea-Bissau, which owes the arrears, was due to pay $15 million of the debt within 15 days.
“Karpower has agreed to renegotiate with the government to ensure that the backlog does not become a problem,” Seidi told reporters, acknowledging the arrears.
Karpowership is one of the world’s largest electricity operators and owner of a fleet of powerships supplying several African states. According to its website, the Turkish company, which is part of the Karadeniz Energy Group, has provided 100% of Guinea-Bissau’s electricity needs since 2019.
“Unfortunately, following a protracted period of nonpayment, our (floating power plant) is now unable to continue operating,” a Karpowership spokesperson said in a statement.
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“We are working around the clock with officials to resolve this issue, and we aim to have generation back online as soon as possible,” the company added.
In September, Karpowership turned off the power supply to Sierra Leone’s capital, Freetown, due to an unpaid debt of about $40 million.
