Ghana’s electricity regulator, Energy Commission, has appointed the Electricity Company of Ghana (ECG) as the interim operator of the electricity retail sale functions in the southern distribution zone under the license number EC/ESL/ 02-19-001.
According to the Commission, its decision is based on the validity of the said license becoming impaired due to the suspension of the operation of Power Distribution Services (Ghana) Limited over some breaches in the concession agreement signed with Government of Ghana.
A statement issued by the Board of Energy Commission to that effect urged the PDS to facilitate and provide ECG with the needed access to all billing systems, metering operations, payment accounts among others, required for the effective operations of the retail sales license
Government of Ghana, through the Information Minister, Kojo Oppong-Nkrumah, announced the suspension of PDS over some breaches in the concession agreement signed with government.
“The decision follows the detection of fundamental and materials breaches of PDS obligations in the provision of Payment Securities (Demand Guarantees) for the transaction, which have been discovered upon further due diligence.
“The Demand Guarantee were key prerequisite for the lease of assets on the 1st March, 2019, to secure the assets that were transferred to the concessionaire,” the statement indicated.
