The long rumors of a takeover of the distribution wing of the Electricity Company of Ghana that was greeted with postponements has being officially confirmed. Power Distribution Services Ghana Limited (PDS) led by Meralco, a Filipino Electricity Company, has officially taken over the operations and management of the Electricity Company of Ghana, after being presented with documents covering the transfer by officials of Government of Ghana on Wednesday, 27th February 2019. Per the power compact transaction agreement, Meralco and its partners will hold 41% stake in ECG while the Ghanaian ownership is 51%. The PDS is expected to inject about US$580 million into ECG for the five years within the twenty…
Continue reading... ECG distribution wing now PDS