ECG to chase defaulting customers today

The Electricity Company of Ghana (ECG) has announced that it will embark on its normal “Revenue Mobilisation exercise” today, April 12, 2021. In a statement, ECG said the exercise will focus on all customers who owe the company. It added that its revenue mobilisation teams will be identified by their staff identity cards, urging customers […]

Govt COVID-relief: Customers to be credited with free units – ECG

Following President Akufo-Addo’s directive on the extension of COVID-19 electricity relief for Ghanaians, the Electricity Company of Ghana (ECG) has published guidelines for its implementation. As part of the relief announced by the President in his 21st COVID-19 update to the nation on Sunday, January 3, 2021, the government will continue to absorb 100% electricity bills […]

Just in: ECG terminates agreement with PDS; assumes full control of power distribution in Ghana

The Electricity Company of Ghana (ECG) has terminated its agreement with Power Distribution Services (PDS) with immediate effect. The company says it has assumed full control of the power distribution business in the country. A statement issued by ECG a while ago and copied to the media read in part that ‘’ECG has therefore assumed […]

PDS Deal – What you should know

CHANGE OF FINANCIAL GUARANTEE TO INSURANCE GUARANTEE. The condition precedent for financial guarantee by the Banks was PURC tariffs and the list of Power Purchase Agreements (PPA). However, PURC refused to increase the tariffs as agreed. ECG owns more than GHC4 Billion of debt from Power Producers. So in the absence of any proper tariff, […]

PDS touts achievements in 4 months; GH₵3.3bn debt reduced by over GH₵1bn-outages drop by 20.5% 

By Elvis DARKO, Accra Power Distribution Services (PDS)  Ghana Limited has listed a number of operational improvements realised in the first four months of its operations in the Southern Distribution Zone. GH₵3.3bn ECG debt reduced by over GH₵1bn The company said Electricity Company of Ghana’s (ECG) outstanding debt of about GH₵3.3 billion, which has been […]

MiDA takes on Al Koot-says company notarised guarantees verifying their authenticity

The Millennium Development Authority (MiDA) has stated that Al Koot, Qatar-based insurance & reinsurance company, duly notarised the Guarantees provided by Power Distribution Service in accordance with Qatari law verifying their authenticity. It said in order to ensure the enforceability of the Guarantees, MiDA insisted on having the Guarantees notarised, which was duly done. MiDA […]

ECG back in control following PDS suspension

Government has suspended its concession agreement with the Power Distribution Services (PDS) bringing back the Electricity Company of Ghana (ECG) in full control. According to Information Minister, Kojo Oppong Nkrumah, the decision was taken after government detected “fundamental and material breaches of PDS’s obligation in the provision of Payment Securities (Demand Guarantees) for the transaction […]