PDS "Falsified" Documents....Gov't Suspends Agreement, ECG Retakes Control!

Peacefmonline.com can confirm that Government has suspended its concession agreement with the Power Distribution Services (PDS).

This means the Electricity Company of Ghana (ECG) is back in full control of electricity matters.

Peacefmonline can also reveal that the Energy Commission has moved to revoke PDS’ distribution license and allow ECG to go back to work while government undertakes a full-scale enquiry.

A statement signed by the Information Minister, Kojo Oppong Nkrumah, late on Tuesday, disclosed that 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 which have been discovered upon further due diligence.”

According to the statement, “The Demand Guarantees were key prerequisites for the lease of assets on 1st March, 2019 to secure the assets that were transferred to the concessionaire."

“The government is conducting a full enquiry into the matter, and the outcome will inform the next course of action. Government has taken steps to ensure distribution, billing and payment services continue uninterrupted,”
the statement added.

“The general public and customers are assured that this development will not interfere with the distribution of electricity services to customers,”
the statement clarified.