Chairman for The Public Interest and Accountability Committee (PIAC), Dr. Steve Manteaw, says the handing over of Electricity of Ghana (ECG) to Power Distribution Services (PDS) was done on a silver platter.
The expert has however described the whole deal, which was supposed to bring a healthy competition for better results in the Energy sector became a parody of a competition.
Power Distribution Services (PDS) Ghana Ltd secured business operating license to takeover of the Electricity Company of Ghana (ECG).
The license gave PDS the legal mandate to directly run operations at the ECG.
Speaking to Ekourba Gyasi on Atinka AM Drive, Chairman for The Public Interest and Accountability Committee (PIAC), Dr Steve Manteaw stated that the takeover did not yield the results as expected from the initially stages.
He mentioned that the local content partner component of the transaction was condition precedent in that prior to the award of the concession each party had to present a local partner before they reach a consensus.
This, He said, was to show that the local companies are competent and have the financial, and technical know-how of the project.
He revealed that this portion of the agreement was however dropped in the course of the agreement.
“What was supposed to be a condition precedent agreement became condition subsequent with excuses that a lot of companies were struggling to find local content partners and that the agreement was running out of time…this was no competition,” he said.
According to Dr. Steve Manteaw, some of the companies who were dissatisfied with the changes that were being made in the course of the agreement, pulled out of the agreement with the exception of two companies including PDS.
He explained that the other company lost the bid due to some technicalities hence the handing over of ECG on ‘a silver platter’ to PDS.
Ghana | Atinkaonline.com | Vivian Adu Boatemaa