|VRA indebted to GNGC to the tune of US$103.03 in respect of lean gas supplied by GNGC while GNGC’s indebtedness to GNPC in respect of gas exports stood at US32.60 million
||All outstanding receivables in respect of lean gas sold should be paid as a matter of urgency so as to guard against the GNGC falling into the never-ending cycle of indebtedness prevalent in the power sector. GNGC must also ensure prompt payment to GNPC in respect of gas exports.
||GNPC, GNGC and VRA
||Very little done. VRA’s indebtedness to GNGC had increased by over 100% between June and December 2015 from US$103.03 to US$227.78 with GNGC’s debts owed GNPC increasing by a similar magnitude (from US$32.60 million to US$79.06 million) over the same period. Only US$553,815 out of expected gas proceeds of US$79.06 (representing
||Something has to be done immediately to prevent debts owed by VRA and GNGC to GNGC and GNPC respectively from getting to unsustainable levels.