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PRESS STATEMENT - ECG PSP PROCESS UPDATE

The Management of the Millennium Development Authority (MiDA) has noted with concern unfounded comments relating to the ECG Private Sector Participation (ECG PSP) process by certain persons.

MiDA wishes to state categorically that the ECG PSP process is on track, and that the Ghana Power Compact (Compact 2), of which the ECG PSP Activity forms a part, is not in jeopardy.

The Bidding process for the ECG PSP is ongoing.

It is worth noting that Bidders had in January 2018 requested for and MiDA had granted a one month extension to the original Bid submission date. This extension was necessary to give Bidders sufficient time to conduct due diligence and prepare their proposals.

Consequently, MiDA is pleased to confirm that the deadline for submission of Proposals by bidders remains March 26, 2018.

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