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GOVERNMENT OF GHANA ISSUES REQUEST FOR EXPRESSION OF INTEREST (REOI) FOR PRIVATE SECTOR PARTICIPATION IN ECG
Accra, Ghana, 7 October 2015 – The Government of Ghana, acting through the Ministry of Power, Electricity Company of Ghana (ECG), and the Millennium Development Authority (MiDA), has invited expressions of interest from local and international companies to identify a qualified private sector partner to invest in and operate the distribution business of ECG through a public-private partnership.
This partnership, which forms part of the Ghana Power Compact between the Government of Ghana and the Millennium Challenge Corporation, will help transform ECG in terms of technology and efficiency in power distribution to become a stronger company able to meet the current and future needs of Ghanaian families and businesses.
The Request for Expression of Interest (RfEoI), which has been publicized in local and international media, is a demonstration of government‘s commitment to engage in a transparent and competitive process to attract and select a proven private partner to operate ECG through a concession agreement.
"ECG is critical for our nation’s growth and development. It is a cornerstone of the energy sector, which is why this Government of Ghana initiative is so important," said Ing Sarfo, Chief Executive Officer of the Millennium Development Authority.
The process is being managed by MiDA, the agency appointed by the Government of Ghana to implement the Ghana Power Compact.
"MiDA and the Government are confident that a qualified and experienced partner will be selected to invest in ECG and bring on board the needed technical skills to help ECG meet the growing demand for energy in Ghana and unlock the potential in other parts of the power system, including power generation," said Ing Sarfo.
Inviting private sector participation in Ghana’s power distribution sector has been on the agenda of the Government of Ghana since the 1990s, and the placement of the RfEoI follows broad stakeholder consultations and detailed technical, legal, and financial studies.
"MiDA is committed to a collaborative approach to undertaking its responsibilities, and will ensure a transparent process in selecting the right operating partner to make ECG a leader in energy distribution on the African continent, while remaining a Ghanaian owned asset," said Ing Sarfo.
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