PDS Fired, ECG takes over.
Tuesday, July 30, 2019
The government through the Ministry of Finance and the Electricity Company of Ghana Ltd. has suspended the concession agreement with Power Distribution Services (PDS) Ghana Limited with immediate effect.
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.
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