ECG concession fears misplaced - MiDA

The Millennium Development Authority has explained that there is nothing to fear about government's plan to privatize ECG stressing that some aspects of the power distributors operations are already in private hands.

Plans to find a private company to invest in ECG received a boost on Wednesday, September 7, after Government satisfied the conditions required to access 498 Million Dollars.

The Journey to the concession deal for the power company has been marked by vehement opposition from ECG Staff who are insecure about their jobs and the future of the company.

However, in an interview with Starr News, Reform Unit Manager of MIDA Mike Awuah assured that nobody has ill intentions for ECG.

“When you go to ECG now, there is a Chinese company, what they are doing is that they are reducing loses and for any kilowatt that is saved, some money is saved and that money is shared with ECG, that is private sector participation in the business of ECG right away.

"Whenever someone connects power to a new installation or a facility, that contractor who does the work is a private sector entity that is operating and participating in the business of ECG," he explained.

Mr. Awuah further maintained that MIDA is open to honest engagements with all stakeholders.