Power Concession: PDS tells their side of the story

Power Concession: PDS tells their side of the story

- The Power Distribution Service (PDS) has denied any wrongdoing in its concession agreement with the government

- The company, in a statement following government’s announcement of an immediate suspension stated that in the interest of safeguarding the transaction and the image of Ghana it will not put out any information now

- PDS officially took over services from the Electricity Company of Ghana (ECG) in February 2019 after winning the bid to run the power service several months earlier

Officials of embattled Power Distribution Services (PDS) have responded to the government of Ghana’s decision to suspend its operations in the country.

According to the management of the PDS, it acted in good faith and the best interest of the country.

The company further noted in its statement that it “will go through the process by complying with the terms of the Transaction Agreement executed between it and ECG on one hard and GoG through MoF on the other hand.”

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The government of Ghana announced on Tuesday, July 30 that it has with “immediate effect” suspended its concession agreement with Power Distribution Services (PDS).

The government stated that it has detected breaches in the contract and has decided to suspend the deal.

PDS was 51% Ghanaian-owned as required by the government of Ghana.

The concessionaire, PDS, was 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, according to the statement.

The ECG will now continue to operate as the power distributor in Ghana until further notice.

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Source: Yen

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