Companies, which have expressed interest in the Private Sector Participation (PSP) of the Electricity Company of Ghana (ECG), have received request for qualification documents when they met with the Millennium Development Authority (MiDA), the ECG and government officials in Accra yesterday.
As part of the compact two of the millennium challenge account, these companies are expected to submit their interest to operate and manage ECG by May 3, 2016 for selection of a consortium for the project
Under the compact two arrangements, the government will enter into a contract with a private sector partner, as concessionaire, with the capacity to operate, manage and invest in the ECG for 25 years
This move aims at transforming ECG by enhancing technology and efficiency in power distribution to become a stronger company able to meet the current and future needs of the power sector.
During the meeting, The CEO of MiDA, Owura k. Sarfo emphasized that, the arrangement forms “part of the process to positively transform Ghana’s power sector”
According to sources, 62 companies from different countries have shown interest in the project.
Aside the indigenous Ghanaian owned, companies from Israel, south Africa, United Arab Emirates, Ireland, United States of American, Lebanon, Turkey and United Kingdom made the list
Speaking at the launch of the road show, the Managing Director of the ECG, Robert Dwamena said the company requires about 200 million dollars investment to make its operation efficient.
“The money will be used to replace obsolete equipment in order to maintain service quality”, he said.
ECG is expected to be handed over to the selected company in January 2017.