Energy Crisis ECG To Be Privatised

The power crisis is far from over. The situation appears hopeless now in view of the fact that the load-shedding exercise has been going on for the past three years as information indicates that the Electricity Company of Ghana (ECG) would be privatised by March 2016.

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Information gathered shows that government is considering privatizing the company due to poor service.

The ECG would be privatised by March or June 2016 year depending on the private takeover option the government chooses.

The government of Ghana is considering two privatisation preferences – partial privatisation or a concession contract – as it weighs measures to attract investment in the state-owned power distribution company.

In outlining the timelines for the privatisation process, the report titled: Ghana Power Compact Private Sector Participation Options Study for ECG: said by March 2016 the takeover should be completed under the partial privatisation choice.

Up-to-date, irregular power supply is having a toll on Industry and domestic consumers, who have had to contend with an unplanned load-shedding management schedule due to production deficits.

Many have argued that power producers in the country have done very little in solving the power problem we face as a nation.

Gas from the West African Gas Pipeline has also been erratic putting pressure on the water level in the Akosombo Dam which keeps dropping while power plants in the country continuously operate below capacity.

Information also indicates that Request for Proposals for shortlisted bidders will be issued in September, 2015 for the full takeover from government to private.

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