The Electricity Company of Ghana (ECG), the power distribution company responsible for power supply in southern part of Ghana, has complied with the directive by the regulator, Public Utilities Regulatory Commission (PURC) regarding the Cash Waterfall Mechanism (CWM).
In a document sighted by this portal, out of the five tasks given to the power distribution company, three (3) had been completed.
A week ago, the Commission ordered the ECG to distribute funds from the Cash Waterfall Mechanism (CWM) by March 25, 2024.
PURC explained that the order, which was issued under Sections 3 and 24 of the Public Utilities Regulatory Commission Act, 1997 (Act 538), was a result of some major observations it had made concerning a general decline in the quality-of-service delivery, including increasing power outages across the ECG service areas from January 1, 2024, to date.
Source: https://energynewsafrica.com