Tag: Power Distribution Services
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GRIDCo staff suspend strike over debt owed by ECG, others
The aggrieved staff of the Ghana Grid Company (GRIDCo) have announced that they have called off their intended industrial action to protest debts owed the company by other power sector players such as the Electricity Company of Ghana (ECG) and Power Distribution Services (PDS). A statement issued by the company said the suspension follows a…
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PDS saga: Gov’t refused to yield to MCC’s pressure — Oppong-Nkrumah
Minister of Information Kojo Oppong-Nkrumah has revealed that the government came under intense pressure from Millenium Challenge Corporation (MCC) to reinstate the Power Distribution Services company despite adverse findings made against them in their failed takeover of ECG. The Information Minister’s revelation comes after the US government through the MCC decided against disbursing some US$190…
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ECG returns as PDS contract officially terminated
The Electricity Company of Ghana has officially announced that it has terminated the contract it established with the Power Distribution Services Limited under the Private Sector Participation agreement it had with the Millenium Development Authority. The termination of the contract follows government findings that the PDS submitted an invalid insurance guarantee for the takeover of…
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Ghana loses US$190m as MCC truncates ECG concession agreement
The Millenium Challenge Corporation (MCC) of the United States of America has truncated Ghana’s Power Compact following the decison by the Ghanaian government to terminate the contract of the Power Distribution Services (PDS) over certain fundamental breaches. A statement issued by the US Embassy said the “United States of America notes this decision [termination of…
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Restrictive tender may produce worse outcome than PDS deal — IES
The Institute of Energy Security (IES) has stated that the government’s decision to use a restrictive tendering process to select a successor to PDS may yield a worse outcome. A statement released by the think tank and signed by its Executive Director Paa Kwasi Anamua Sakyi said the termination of the PDS deal comes as…
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Gov’t cancels PDS deal despite US opposition
Information reaching Citi News is that government has finally terminated the Power Distribution Services’ concession agreement with the Electricity Company of Ghana, ECG. The termination, Citi News gather, is on the insistence of the Ghana government, against the position of the US government which was insisting that the PDS concession should remain in order to…
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MiDA cautions against hasty conclusion in ECG-PDS deal
The Millenium Development Authority (MiDA) has described as unfortunate the recent suspension of the private sector participation agreement signed between government and the Power Distribution Services owing to a “falsified” letter of guarantee. MIDA which superintended over the Electricity Company of Ghana Private Sector Participation (PSP) under the Millenium Challenge Compact 2, in a statement…
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Probe into PDS concession agreement breach to take 30 days — Minister
Full-scale inquiry into breaches of the concession agreement by Power Distribution Services (PDS) Ghana Limited is expected to be completed within 30 days, Mr. Kojo Oppong Nkrumah, the Information Minister, has announced. This official investigation, he said, was being carried out by a team of insurance experts, officials from the Energy and Finance Ministries, Electricity…
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Vigilant ECG officials detected PDS’ forged documentation — Oppong Nkrumah
The Information Minister Kojo Oppong Nkrumah has stated that credit must be given to officials of the Electricity Company of Ghana whose vigilance helped in unearthing the anomalies with guarantees provided by Power Distribution Services for the concession agreement. Speaking at a press conference on Thursday afternoon, Mr. Oppong Nkrumah said although initial checks by…
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Haruna Iddrisu wants Parliamentary probe into PDS suspension
Minority Leader of Parliament Haruna Iddrisu has called for a full-scale Parliamentary probe into the suspension of the concession agreement between the government and the Power Distribution Services (PDS) Limited. Speaking on the floor of Parliament on Wednesday, Mr. Iddrisu said the probe was in order to unearth the full facts surrounding the suspension. According…