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On 5th August 2014, the Government of Ghana (GoG) executed the 2nd Millennium Challenge Compact with the US Government with the object of, inter alia, increasing private sector investment and the productivity and profitability of micro, small, medium and large-scale businesses.
Among the six (6) Projects within the 2nd Compact is the ECG Financial and Operational Turnaround Project (EFOT), which seeks to introduce a Private Sector Participant in the Management and Operations of ECG.
Consequently, the GoG, under the auspices of the Millennium Development Authority, embarked upon a competitive procurement process, which resulted in the selection of an acceptable partner to manage, operate, and invest in ECG’s operations for 20 years.
The Meralco-led Consortium was declared the winning bidder on 20th April, 2018.
Meralco has partnered AEnergia SA, an Angolan company, and three Ghanaian Companies: TG Energy Solutions Ghana Limited, Santa Power Limited and GTS Power Limited, to form Power Distribution Services Ghana Ltd. (PDS), which is 51% Ghanaian-owned as required by the Government of Ghana.
The Concessionaire, PDS, is expected to strengthen the Governance, Management and Operations of ECG and improve the delivery of power to end users to support socio-economic growth in Ghana.
The general public and customers of ECG are hereby informed that effective 1st March, 2019, PDS will be the electricity service provider in all of ECG’s operational areas in the Southern Distribution Zone of Ghana.
The ECG will continue to operate as a Bulk Energy Trader and the Asset Owner.
ING. SAMUEL BOAKYE-APPIAH PHILIP AYESU
MANAGING DIRECTOR, EGC CHAIRMAN, PDS
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