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SECOND BIDDERS CONFERENCE BEGINS

Accra, October 2, 2017. The shortlisted applicants for the ECG PSP Transaction have arrived in Accra to participate in a Second Bidders Conference which begins to be held from October 3 to 6. Delegations for Manila Electric Company (Philippines), CH Group (Ghana)/ EDF SA/LMI Holdings/Veolia SA, BXC Company Ghana Ltd/ Xiaocheng Technology Stock Company Limited (China)/Shaanxi Regional Electric Power Group Company Limited (China), and The Tata Power Company Limited (India)/CDC Group Plc (UK) have been arriving since Saturday. 

The Second Bidders Conference is being held to give the Shortlisted Applicants an opportunity to ask and receive responses to questions from Government of Ghana (GoG) parties on the draft Request for Proposal (RfP) document. The Applicants have, among others, sought clarifications on the terms and conditions of the Concession Transaction and would at their respective meetings with Government during the conference, also have the opportunity to suggest ways in which the RfP documents can be made clearer on how a number of key decisions including regulatory decisions will be made.

“This is a very significant milestone in the process. The goal has remained the same, to procure a Concessionaire who would not only inject the required financial investments ECG needs, but also introduce modern technology and efficiency strategies that would turnaround the operational and financial fortunes of ECG,” said Ing. Owura Sarfo CEO of Millennium Development Authority (MiDA).

From Tuesday, each Applicant will meet with the GoG team made up of officials from the Ministries of Finance, Energy, Justice and Attorney General’s Department, Public Utilities Regulatory Commission (PURC), Energy Commission (EC), ECG, and MiDA.

Ing Sarfo explained that “the meetings have been planned to ensure that all clarifications and questions from each Applicant are adequately addressed and everyone is on the same footing as we proceed to the remaining stages of the procurement process”.

END