Government To Release ECG To Private Concessionaire

The government said the new arrangement will be better than the PDS agreement

Government To Release ECG To Private Concessionaire

Government has initiated plans to release Electricity Company of Ghana (ECG) to another private concessionaire.

This comes barely a year after the government terminated its agreement with Power Distribution Services (PDS) over allegations of fraud.

A Deputy Minister of Energy in charge of petroleum, Dr. Mohammed Amin Adam, announced the government decision in Accra.

He said although the government had been silent on the previous botched ECG/PDS matter since the termination of the contract, processes were underway to secure a new deal.

READ ALSO:
PDS sue Government for terminating contract

He, however, failed to disclose the identity of the new private concessionaire.

But he indicated that the move was aimed at making the power distributor more efficient and profitable to support economic development.

Dr. Amin Adam, however, gave the assurance that the arrangement being devised would be better than the concession agreement that the ECG entered into with the now-defunct PDS Ghana Limited in March 2019 before it was cancelled in October that same year.