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.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

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.

Recommended Articles

Recommended Videos





Top Articles

1 Gory Accident NPP parliamentary candidate involved in fatal crash; 2 deadbullet
2 Ghana Police IGP in another radical police shake-upbullet
3 Kumasi Technical Institute Over 20 injured after students clash with...bullet
4 Report Findings from fire that killed Ghanaian woman and 3...bullet
5 Bilateral Ties Czech Ambassador holds talks with President...bullet
6 Deputy AU Chair Backing Kwesi Quartey for deputy AU Chair was...bullet
7 Accident 7 hurt in multiple car pile-up at Okponglo Traffic...bullet
8 Clashes Five policemen shot in Kumawubullet
9 Motorbikes In Ghana Legalize Okada or we resort to armed...bullet
10 Advisory Body Enhance powers of Council of State -...bullet

Top Videos

1 Meet "The Beast" President Obama's Cadillac that's more tank than carbullet
2 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
3 Refugee Ghanaian to lose fingers after 7-hour trek to cross US borderbullet
4 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
5 Obinim saga We had sex only once - Obinim victims confessbullet
6 Video Taxi driver terrified after an encounter with a ghostbullet
7 Vitiligo Enam Honya - is challenging what you think about beautybullet
8 Watch Ghanaian funerals; A time to dance and celebratebullet
9 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
10 Kwame Nkrumah Interchange Water leaks from hole in...bullet

News