The Electricity Company Ghana (ECG) has finally axed Power Distribution Services (PDS) from holding the power sector over alleged fraud in the 20year concessionary agreement.
ECG says it has assumed full operational and financial control of the electricity distribution business in the Southern Zone of Ghana with immediate effect.
This comes after the US partners, Millennium Challenge Corporation (MCC) confirmed that the $190 million grant is no longer available after Ghana decided to terminate the concession agreement with Power Distribution Services (PDS).
The US noted that based upon the conclusions of the independent forensic investigation, the U.S. position is that the transfer of operations, maintenance, and management of the Southern Distribution Network to the private concessionaire on March 1, 2019, was valid and therefore the termination is unwarranted.”
But ECG in a statement today Wednesday indicated that all assets currently in the name of PDS revert to ECG with immediate effect and will be rebranded in accordance with the decision over the next few weeks.
Read full statement below:
New DStv sports package will save subscribers over Ghc500 monthly – Sam George
Your past prescriptions never helped developing countries - TOR MD tells IMF
Crude Distillation Unit turnaround was funded from TOR's internally generated fu...
Trump offers $1 million for tipoffs leading to vote fraud conviction as midterms...
UN cites 'ethnic cleansing' concerns around Israel's Palestinian displacement op...
UCC-UTAG demands clearer boundaries for GTEC’s regulatory role to avoid interfer...
Mahama congratulates Lula da Silva on ‘well-deserved’ re-election as Brazil Pres...
Mahama arrives in Moscow to push for Russia-Ukraine ceasefire at Russia–Africa S...
'Irresponsible media coverage is hurting Obuasi SHTS abuse probe' – Gender Minis...
Foreign Affairs Ministry seeks names of evacuees allegedly shortchanged in GH¢5,...
Comments
What about the northern sector is it not part of Ghana ECG must be in full control.