PDS loses ECG assets management case

The Commercial Division of the Accra High Court has dismissed an application by Power Distribution Services (PDS) challenging the cancellation of its operation licences following the termination of a concession agreement for it to manage the assets of the Electricity Company of Ghana (ECG). Last year, PDS dragged the government to the High Court with […]

PDS fiasco: Ghana-US relations will remain intact-Information Minister

Minister of Information, Kojo Oppong Nkrumah, has said the termination of the concession agreement with Power Distribution Services (PDS) won’t affect Ghana’s relations with the United States of America (USA). His comment follows an alert raised by Chairman of the Public Interest and Accountability Committee, Dr Steve Manteaw. “Already the relationship between the two countries […]

John Mahama shocked over PDS Wahala; says cancellation is a sad day for Ghana

Former President, John Dramani Mahama is shocked over the Akufo-Addo government’s handling of the PDS debacle. His comment follows the cancellation of the Power Distribution Services (PDS) concession agreement. John Mahama who was speaking at the inaugural ceremony of the 2020 NDC manifesto committee said, the entire citizenry is disappointed in the current administration because […]

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: MiDA shifting blame to Bawumia – ACEP suspects ‘mischief’

Transaction advisors in a concession agreement with the energy company, Power Distribution Services (PDS) have been accused of shifting blame after controversy gutted the agreement. In the controversy, Power Distribution Services (PDS) have been found to lack the financial capacity to provide $12.5m in guarantees when they took over ECG management in March 2019. PDS […]

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 […]

PUWU angry at gov’t for PDS suspension

The Public Utilities Workers Union (PUWU) has jumped to the defence of Power Distribution Services (PDS), describing the government’s suspension of the concessionaire agreement as unfortunate. PUWU has also criticised government’s decision to freeze PDS accounts following the detection of potential fraud in Payment Securities (Demand Guarantees) for the agreement to take over power distribution […]