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30.04.2015 General News

Cabinet approves private sector participation in ECG operations

By Myjoyonline.com |
Cabinet approves private sector participation in ECG operations
LISTEN APR 30, 2015

Cabinet has given the green light for private sector participation in the operations of the Electricity Company of Ghana, ECG.

Deputy Power Minister John Jinapor who disclosed this to JOYNEWS Thursday explained that the approval opens the door for the injection of private sector capital, skills training and technological know-how into the company.

The deputy minister insists the invitation for private sector participation “does not mean we are selling ECG”.

He said Government is now looking for a transaction advisor to help select the best partner.

“All the properties of ECG will continue to remain as it is. What we are looking for is the skill and innovative ways that can make ECG much more efficient”.

ECG finds itself in a power supply chain that has come under serious public pressure following an energy crisis.

The Ministry of Energy and Petroleum has had to deny reports that the Electricity Company of Ghana (ECG) will be privatised as part of conditions attached to the second Millennium Challenge Compact.

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