PDS saga: Interdict MiDA bosses – ACEP

The Africa Centre for Energy Policy (ACEP) is calling for the immediate interdiction of the leadership of the Millennium Development Authority (MiDA) – the implementing agency for Ghana’s Power Compact.

This call comes on the back of government’s suspension of the Power Distribution Services (PDS) over what it says were fundamental and material breaches in the payment of demand guarantees by the PDS.

The Africa Centre for Energy Policy (ACEP) is calling for the immediate interdiction of the leadership of the Millennium Development Authority (MiDA) – the implementing agency for Ghana’s Power Compact.

This call comes on the back of government’s suspension of the Power Distribution Services (PDS) over what it says were fundamental and material breaches in the payment of demand guarantees by the PDS.

The statement further said: “The decision follows the detection of fundamental and material breaches of PDS’ obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which have been discovered upon further due diligence.

“The Demand Guarantees were key prerequisites for the lease of assets on 1st March, 2019 to secure the assets that were transferred to the concessionaire. The government is conducting a full enquiry into the matter, and the outcome will inform the next course of action”.

It added: “Government has taken steps to ensure distribution, billing and payment services continue uninterrupted. The general public and customers are assured that this development will not interfere with the distribution of electricity services to customers”.