The Managing Director of the Tema Oil Refinery (TOR) Mr. Ato Ampiah has confirmed to Citi FM that TOR has suspended operations for about two days due to its power disconnection from the Electricity Company of Ghana (ECG).
According to Mr. Ampiah no notice was given to TOR and the light went out around midday on Wednesday July 13 and has not been restored as of 9 am Thursday July 14.
He said the power was disconnected according to the ECG due to non-payment of bills on the part of the Tema Oil Refinery.
�ECG says we own them 1.4 million Ghana Cedis, our reconciliation as at 8:15 Thursday morning indicates that we own them about 540,000 Ghana cedis. We are still doing our reconciliation and we strongly believe that this figure would drop further.
"We would have an assessment meeting and we would know the exact situation, but everybody should learn that TOR is a limited liability and it can sue and be sued.
Mr Ato Ampiah also told Citi FM that payment has been done to ECG for which has not been captured in their book.
"ECG�s accounting has been suspect and they should not have acted on an un-reconciled accounting�.
Mr. Ampiah expressed surprise at the action of the ECG adding that �I have had very good rapport with the outgone Managing Director, we call ourselves and talk because we are about their biggest customer in Tema so even when TOR owed them much, that managing director found it necessary in the national interest and TOR�s interest to renegotiate and come back with payment terms which TOR adopted�.
"We are also surprised because TOR generates its power which its boilers are on; the timing of cutting off was done in such a way at the time when TOR was preparing to put on its boilers.
"We do not see the sense in this act; we cannot joke with this asset. If you know the implications of darkness for TOR, you should be frightened,� Mr Ampiah added.
Source: Citifmonline.com
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