Grace Princess Tarwo, GNA
Accra, Nov 13, GNA –
Government stays committed in discovering a ideal substitution of the Energy
Distribution Service (PDS) via personal sector participation to raise the
operations of the Electricity Business of Ghana (ECG).
On October 19, this
12 months, federal government declared its determination to terminate the PDS concession soon after
taking more than from ECG adhering to government’s detection of basic and
material breaches of PDS’s obligations in the provision of payment securities
for the transaction and linked issues.
“Government is fully
fully commited to personal sector participation in ECG and is concentrated on shifting
ahead with urgency to obtain a ideal substitute for the PDS arrangements”
Mr Ken Ofori- Atta, the Finance Minister mentioned this in his presentation of the nationwide
budget in Parliament on Wednesday.
The Finance Minister
claimed there was the need to have to improve appreciably the administration of ECG, by
bringing in earth-class private sector know-how and attracting sufficient
He said thinking about
ECG’s present distribution programs losses of 24 for each cent comprising 13 per cent
professional and 11 for every cent technical losses,
the federal government was enthusiastic by the urgent need to have to decrease all those losses
and enhance services good quality by means of the efficient deployment of modern
technological know-how and planet-class technical know-how, with a see to developing a
monetarily viable electricity distribution sector geared up to fulfill the current and
long run wants of Ghanaian homes and enterprises.
Mr Ofori-Atta reported:
“As we crystalise ideas for the future of ECG, federal government is also enthused by
the important need to ensure the transfer of capabilities, with a look at to creating
regional capacity and introducing international best tactics to enrich the
operational, complex, industrial and economic wherewithal of our nationwide
electrical energy distribution utility.”
backdrop, he reported, governing administration intends to initiate an accelerated tender procedure
to decide on a new private husband or wife for ECG in the coming months.
“It is certainly
government’s intention to make related adjustments to ally viable power
distribution sector that will adequately enrich the existing bid documents
and tailor the process to optimise the selection from businesses possessing a track
record of managing and running a comparable utility, so as to realize a honest,
transparent and expeditious closure of the transaction,” he extra.
He said federal government
could not overstate the great importance of finding out from past blunders, if it was to
make seem conclusions heading forward.
“However, we have no
question that a well-executed partnership involving ECG and the “right” complex
and economical partners, will surely improve our distribution abilities
and boost finish-person encounters.”
Mr Ofori –Atta reported
in that regard, heightened scrutiny would be brought to bear in the design and
implementation of the fiscal and technological analysis criteria to make certain
that intrigued bidders did not only have believability and considerable working experience
in functioning and handling a similar electric power utility, but also possessed
the economical wherewithal to make the requisite investments in ECG to achieve
sizeable reductions in technological and industrial losses, and push
operational performance to supply sustained provider dependability for the reward
of all Ghanaians.
Mr Ofori-Atta explained
even though restoring non-public sector participation in the administration, procedure and
financing of the expected investments in ECG’s distribution property, Government
would make every single energy to steer clear of the pitfalls that the PDS concession
encountered and institute wide Ghanaian institutional participation, and
democratise area fairness participation, with an eventual listing on the Ghana
He mentioned: “The
choices we get in regard of this transaction, will carry on to affirm our
time-honoured reputation as a organization-friendly nation that respects the rule
of law, and expects to stay an appealing desired destination for Foreign Immediate
fully commited to its marriage with the Millennium Challenge Company (MCC).
In truth, Government completely respects and is fully commited to the essential ideas
underlying the partnership among the MCC and the Government of Ghana, as
effectively as the general bilateral romantic relationship amongst Ghana and the United