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Tag Archives: MIDA

IES raises concern as PURC, ECG delay major policy decision making

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The Institute of Energy Security, IES, is warning that the technical and operational challenges within the ECG may escalate if the process for the handing over to the Power Distribution Services (PDS) is delayed any further. The IES also wants the PURC to be swift in announcing the new tariffs as the delay is impacting planning for businesses and the ...

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Underpricing ‘killing’ utility providers in sub-Saharan Africa – World Bank

World Bank’s Africa Region Chief Economist, Albert G. Zeufack

The World Bank has identified under pricing as the biggest threat to the survival of utility companies providing electricity, in sub-Saharan Africa. As a result, the Bank is predicting of a possible drop in private sector participation to improve operations of such companies if the situation remain unresolved. The World Bank attributes the worrying impact of underpricing to what it ...

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Red flags over local content in ECG as bidders submit proposals (Audio)

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Ghana could be losing significant benefits from the power sector in the absence of a local partner for the concessionaires bidding to assume management of the Electricity Company of Ghana (ECG). This is the concern of Policy Analyst with ISODEC, Dr. Steve Manteaw. His argument follows the submission of proposals by two companies bidding for the management of the power ...

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Bidders for ECG concession drops to two

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Citi Business News can confirm that the number of bidders for the private sector participation in the Electricity Company of Ghana (ECG) has dropped to two. The latest follows the close of submission of request for proposals today, March 26, 2018. A statement from the Millennium Development Authority (MiDA) and copied to Citi Business News said that at the close ...

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Standards Authority clamps down on substandard electrical gadgets                         

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The Ghana Standards Authority has served notice it will confiscate all substandard electrical gadgets and equipment. The authority has also warned it will pursue and sanction appropriately, persons who deliberately engage in the dumping of such products onto the Ghanaian market. The caution forms part of moves to develop and enforce standardization on the Ghanaian market. “Where the law permits ...

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MiDA resolute with local ownership in ECG

Martin Esson Benjamin - CEO, MiDA

The Millennium Development Authority (MiDA) has stressed that it will protect the interest of the government of Ghana in selecting a private manager for the ECG. It follows concerns raised by one of the concessionaires, a French electricity conglomerate, EDF which together with its local partner, CH Group is protesting the 51% mandatory Ghanaian ownership in the new entity. But ...

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MiDA to select ECG concessionaire by September 2018

Martin Esson Benjamin - CEO, MiDA

The Millennium Development Authority (MiDA) has told Citi Business News it should select a concessionaire for the private sector participation in the ECG by September this year – 2018. This should allow the injection of some five hundred million dollars ($500m) into the operations of the power distributor. The CEO of MiDA, Mr. Martin Esson Benjamin his outfit will evaluate ...

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US govt pleased with ECG ‘privatization’ processes so far – Ambassador

Robert Jackson 543x330

The US Government has told Citi Business News everything is on track for the private sector participation in the Electricity Company of Ghana (ECG) under the Power Compact II agreement. Currently, the six shortlisted companies are evaluating the assets of the ECG to guide further decision making on the move. Ghana is in an agreement with the Millennium Challenge Corporation ...

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PUWU livid over sideline in negotiations on ECG

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The Public Utility Workers’ Union (PUWU) has expressed disappointment at government for failing to discuss with them details concerning the Millennium Challenge Corporation (MMC) Power Compact II before taking a final decision. According to PUWU, consultations would have clarified issues and updated concerned workers. Speaking on the Citi Breakfast Show on Tuesday, the General Secretary of PUWU, Adumattah Nyantakyi said ...

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Analysts intensify resistance to ECG concession

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At a time government is considering plans to cede part of management of the Electricity Company of Ghana, some players in the industry have renewed appeals against the move. They argue that the plan if approved will have minimal impact in turning around ECG’s inefficiencies. About 350 million dollars out of the total 500 million dollars compact is expected to ...

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