15
Fri, Nov

PDS

  • The decision to suspend the agreement, the President said, was necessary for “to protect the public interest, and to protect the ECG assets in excess of 3 billion cedis.

    President Akufo-Addo says Government suspended the PDS agreement in the interest of the public, and to protect the assets of the Electricity Company of Ghana worth over $3 billion.

  • The concession allowed private sector participation (PSP) in the management of the ECG.

    It started with a suspension in July this year, but after many legs of investigations and fact-finding missions, the government has declared its intention to terminate the concession agreement it signed with Power Distribution Services (PDS) to manage the assets of the Electricity Company of Ghana (ECG).

  • William Boateng, Director of Communications, PDS, said the PDS neither owes nor have a contract with the IPPs.

    Power Distribution Service (PDS) has denied claims it has failed to pay to Independent Power Producers (IPPs) for power supplied since taking over the Electricity Company of Ghana (ECG) on March 1 this year.

  • The government through the Ministry of Finance and the Electricity Company of Ghana (ECG) Limited has suspended the concession agreement with Power Distribution Services (PDS) Ghana Limited with immediate effect.

    The government through the Ministry of Finance and the Electricity Company of Ghana (ECG) Limited on Tuesday announced the suspension of the concession agreement with PDS with immediate effect.

  • “It is important for Ghanaians to note that the government is committed to ensuring that all assets of the Electricity Company of Ghana (ECG) are secure,” Mr Nkrumah assured.

    The Financial Intelligence Centre (FIC) has frozen the bank accounts of Power Distribution Services (PDS) following the detection of anomalies in the bank guarantee it provided prior to the takeover of the assets of the Electricity Company of Ghana (ECG).

  • Sanctity? The Americans may know something they have not communicated to us, yet. From all the facts available, yours truly thinks that if there ever was a breach of contract sanctity, it was not by the Ghana Government.

    We may have lost the $190 million which would have been ours if the Power Distribution Services’ (PDS) concession agreement with the Electricity Company of Ghana had not been cancelled by us, but I dare say that it was better than to have lost US$3 billion worth of assets belonging to ECG if we had gone ahead.

  • The second outage was to last for fourteen hours between 4 am and 6 pm on Saturday.

    The electricity service provider, Power Distribution Services (PDS) Ghana Limited has suspended its load management timetable until further notice.

  • It is worthy of note that several government functionaries including the Minister of Energy, John Peter Amewu and his Deputy Owuraku Aidoo had described the contract with PDS as fraudulent.

    There has been mixed reaction over government’s decision to terminate its concession agreement with Power Distribution Services, PDS. Whiles a section of the public applauds the decision, others believe it is a cover-up.

  • the Ghanaian local consortium holding the 51 per cent of the shares in PDS are TG Energy Solutions Limited (TG), a lead local consortium sponsor with 18 per cent, Santa Baron Ventures Limited (Santa), a local technical lead with 13 per cent, GTS Engineering Services Limited (GTS), a local financial lead with 10 per cent and ...

    There have been some speculations on the composition and credibility of the Ghanaian local consortium holding 51 per cent of the shares in the Power Distribution Services (PDS) Ghana Limited with some suggesting that a group of barbers at Osu in Accra are the ones behind it.

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