Power Distribution Services (PDS) Ghana Limited is going to take over from the first of February 2019. This will assume the assets and operations of the Electricity Company of Ghana (ECG).
With the establishment of the company, government of Ghana will receive some funds to expand its operations as well as build a new bulk station in Pokuase in the Greater Accra region.
A Pilipino power company, Meralco Consortium, which won the bid to take over the operations of ECG, is major shareholder in PDS.
The Chief Executive Officer of the Millennium Development Authority (MiDA) Martin Eson-Benjamin disclosed while talking to media that the company will be injecting 580 million dollars into ECG.
Mr. Eson Benjamin was hopeful the funds will turn around the operations of the ECG to help stabilize the power distribution of Ghana.
He assured, we have gone through many processes and now I can tell you that everything is almost completed for the new company to take over. The takeover will bring competence and we will all see the improvement in the Power Distribution Services.
Mr. Eson Benjamin added that the company will also work to remove leakages and financial losses in the system. Mr. Eson-Benjamin continued that no worker of ECG will lose their jobs.
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