Tag: PDS
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2021 budget: Provide alternative to botched PDS deal – ACEP to government
With the budget reading some hours away, the Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye says he is expecting to hear something on an alternative deal to the botched Power Distribution Services (PDS) deal and the threatening energy sector debt. The review of the PDS deal by the Akufo-Addo administration…
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Former PDS contractors owed over 1.6m cry out to Gov’t for payment
Some contractors who were engaged by the former managers of defunct Power Distribution Services (PDS), are calling on government to facilitate payment for jobs they have executed since 2019. Spokesperson for the group, Alhassan Abubakari, who Spoke to Citi Business News said all efforts including petitioning the presidency over their concerns has yielded no results.…
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Make provision for our $1.4bn debt in mid-year budget – IPPs to Gov’t
Ahead of the presentation of the 2020 Mid-Year Budget Review in Parliament on Thursday, July 23, the Chamber of Independent Power Producers and Bulk Consumers, CIPDiB, is asking government to capture the payment of the about USD$1.4 billion debt owed them in the budget. According to the Chamber, which is made up of the Sunon-Asogli…
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GRIDCo staff to withdraw emergency services over GHS1.2bn debt
The Senior Staff and the Divisional Union of Ghana Grid Company (GRIDCo), has asked staff of the organization to withdraw all emergency services to push the government to settle debt owed the company by ECG, VALCO, defunct PDS and NEDCO. The Union says ECG and NEDCo owes about GHS607 million and GHS177 million respectively, while…
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Article: Botched PDS deal: MiDA on the radar
In March this year, the Power Distribution Services (PDS) assumed the responsibility of managing the retail, and distribution business of the Electricity Company of Ghana (ECG), following government’s decision to execute the second Millennium Challenge Compact with the U.S. government with the objective of, inter alia, increasing private sector investment and the productivity and profitability…
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Meralco plans pulling out of PDS deal over political uncertainty
Filipino power company, Manila Electric Co. (Meralco) is planning to pull out its investment in the consortium set up to run the Power Distribution Services if the political situation in that country does not improve, its top official said. Meralco President and CEO Ray Espinosa said: “We’re still waiting for developments. It’s a Ghana government…
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Power producers threaten shutdown over unpaid bills
Independent power producers in the country have served a seven-day ultimatum to the government, through the Ministry of Finance, to impress upon Power Distribution Services (PDS) to expressly release funds to pay all outstanding debts – estimated at US$300 million as at June 2019 – or they shut down their plants. “We caution that should…
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PURC hands major boost to industries following elimination of special tariff
The Public Utilities Regulatory Commission (PURC) has signaled a major policy shift that should see a reduction in the cost of electricity for industrial consumers of power. According to a statement issued the utility regulator, the maximum demand charge paid by industrial consumers has been eliminated effective July 1, 2019. The PURC described the move…
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Private companies to start selling electricity in Ghana by 2023
The Electricity Company of Ghana (ECG) has stated that the retail of power to domestic homes will be opened up to private distribution companies in 2023. By this, the Power Distribution Services (PDS) will not be the only company supplying electricity to domestic consumers. The move is aimed at creating competition to help make the…
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PDS cuts power supply over routine maintenance
Power supply to some parts of Accra will be interrupted over the next three days. This follows routine maintenance works by the Power Distribution Services Company (PDS) on some of its supply stations. The exercise which started on Thursday [April 25, 2019] will end on Sunday [April 28, 2019]. On the first day, the areas…