18.5 C
Kumasi
Wednesday, August 12, 2020

Gov’t seeks to replace PDS by restricted tendering

Must read

Gaddafi’s last words as he begged for mercy: ‘What did I do to you?’

Osama Swehli is bearded and wears his hair long, tied back in a thick ponytail. A soldier with the National Transitional Council’s...

Ghanaian who invented water bicycle makes a sweeping bicycle

The adept young Ghanaian engineer known for the famous water bicycle invention has proven he has a bag of ideas as he...

40-year-old man lynched in Nyankpala in the Northern Region

A 40-year-old man has been lynched in Nyankpala in the Northern Region for stealing goats and sheep.On the...
Christopher Sam
Christopher Sam is a web designer, developer and has advanced knowledge in Search Engine Optimization, Responsive Website Design, Emails Marketing, BULK SMS Messaging, Schema Markup and a certified Google Trainer. He is a creator and editor at Hypercitigh.com, an online digital platform focusing on Credible and Timely news and in Ghana.

The government says it remains committed to private sector participation in Ghana’s energy sector.

This follows the termination of the controversial Power Distribution Service (PDS) concession agreement over irregularities.

A letter signed by Finance Minister, Ken Ofori Atta has recommended a restricted tender process to replace the PDS.

Mr. Ofori Atta tells the Millennium Challenge Corporation (MCC) and the Millennium Development Authority (MiDA) — both of the US — that the process “shall be undertaken timeously by fast-tracking some of the processes without compromising the integrity and transparency of the procurement processes.”

This is to beat the “limited time” available before the Compact II Program with the government of Ghana and the US expires.

The US would pump some half-billion dollars into Ghana’s energy sector under the so-called Compact II Program, which requires Ghana to allow private sector participation in the energy sector.

PDS was chosen to perform this role until the government suspended — and now terminated — the agreement with the company following controversies surrounding the demand guarantee it submitted to Ghana before taking over the assets of the Electricity Company of Ghana.

The government says these challenges do not “diminish” its commitment to allowing private sector participation in the energy sector.

“Government intends to see the process through in a manner that follows due process and protects the interest of all parties,” the Finance Minister’s letter said.

More articles

Leave a reply

Please enter your comment!
Please enter your name here

Latest article

I’ll expose you if you don’t stop talking ‘rubbish’ – Koku Anyidoho warns Kwesi Pratt

Samuel Koku Anyidoho, Founder and Chief Executive Officer of the Professor Atta Mills Institute, has warned Managing Editor of the Insight Newspaper,...

See Pictures Of Gaddafi’s “Libyan Rocket” That Could Have Been The Safest Car On The Planet

Former Libyan leader Muammar Gaddafi’s quest to ride in one of the safest cars ever led to the unveiling a 5-seater car...

Gaddafi’s last words as he begged for mercy: ‘What did I do to you?’

Osama Swehli is bearded and wears his hair long, tied back in a thick ponytail. A soldier with the National Transitional Council’s...

Rare pictures of colonel Gaddafi and his “virgin female bodyguards”

Muammar Gaddafi, popularly known as Colonel Gaddafi, had an obsessive interest with female bodyguards. The Libyan ruler was escorted by his bodyguards...

I wish I had creative skills to do music like my son – Tsatsu Tsikata

Astute Lawyer and a leading member of the National Democratic Congress (NDC) Tsatsu Tsikata has said that he wishes he had the creative skills...