The Minister of Finance, Dr. Mohammed Amin Adam, has attributed delays in finalizing the debt restructuring agreement with some Independent Power Producers (IPPs) to the ongoing parliamentary impasse.

Speaking during the Finance Ministry's monthly economic briefing, Dr. Amin Adam explained that while three IPPs—AKSA, Asogli, and Zenit—have either signed or are close to signing agreements, the process has stalled for Cen Power and Amandi. He noted that these agreements require parliamentary approval to proceed.

“We concluded negotiations with the Independent Power Producers and some of them have signed off. For example, AKSA has signed off, and Asogli and Zenit are also about to sign off. What is outstanding is the one with Cen Power and Amandi because those two PPAs are required to go to parliament for parliamentary approval,” he said.

Parliament was adjourned indefinitely following a Majority-led suit challenging the Speaker’s decision to declare four seats vacant, effectively halting legislative activities. Dr. Amin Adam expressed concern over the impasse, stating, “We all know the story with parliament. Until parliament returns and approves those two PPAs, they will remain outstanding.”

Despite the challenges, the Minister emphasized that the government has fulfilled its commitments to the IPPs. “Meanwhile, for government, we have met our side of the obligation,” he stressed. “We have done everything, we haven’t missed a dollar. While we wait for parliament to approve those restructuring PPAs, I can say that we have been very religious with our side of the bargain,” he added.

The agreements with the IPPs are critical to averting potential power shutdowns, as some producers had earlier threatened to halt operations over unpaid debts. However, the unresolved parliamentary situation continues to hinder the process, raising concerns about the timely resolution of the restructuring efforts.

Meanwhile, Parliament will resume on December 16, after the elections to address critical matters and ensure a seamless transition to the 9th Parliament of the Fourth Republic.