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2021-04-07

[N] As Majority Leader be circumspect with your utterances

2021-03-19

[I] Goldman Sachs staff revolt at ‘98-hour week’
[I] Over half of staff go back to workplace
[I] Health chiefs confirm Oxford-AstraZeneca Covid jab safe to use
[S] Kotoko Signs Second Brazalian Player
[N] It Is A Blatant Lie That I’ve Declared My Prez Ambition-Agric Minister
[S] Accra Mayor to change face of sports in Greater Accra
[S] Ambassador Lutterodt charges GOC prez to tackle Martha Bissah issue
[S] Ben Nunoo-Mensah hits ground running for GOC
[S] Black Stars to Engage Uzbekistan In International Friendly
[N] House of Chiefs calls for collaboration with MMDCEs for development
[N] Baby Harvesting: More suspects picked
[N] Police pledge commitment to bringing Sheikh Maikano’s murderers to book
[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce
[N] Desist from starting race ahead of time - Obiri Boahen to NPP presidential
[N] Gov’t announces construction of five interchanges in Ashanti
[N] Controversial textbooks: NPP urges NaCCA to enforce rules without fear or favour
[N] Staff working on Tamale interchange call off strike
[N] Newly proposed taxes a huge hindrance to businesses’ recovery
[N] Government can’t take a unilateral decision on salaries for public workers
[N] Ghana records 2 new Covid-19 variants; experts call for immediate action

2021-03-17

[S] First GFA safety and security seminar takes place today
[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[N] Ghana records 698 COVID-19 deaths
[N] NDC’s Ofosu Ampofo behaves like a toddler – Allotey Jacobs
[S] Don’t tax sports betting, ban it – Ato Forson to government
[N] Ama Benyiwaa Doe slams Allotey Jacobs; says he has no influence
[N] Approving Akufo-Addo’s ministers ‘regrettable and unfortunate’ – NDC caucus
[S] Don't rush Satellites players, warns GFA coaching boss
[N] Eastern Regional Hospital detains 246 patients for non-settlement of bills
[N] COVID-19 vaccination in Ghana: 1,000 reports received on adverse effects
[N] Ignore reports of rift between local, foreign staff at AfCFTA secretariat – Govt
[N] Remain calm, support our leadership in Parliament – NDC Council of Elders
[N] Ghana hasn’t recorded any case of blood clots from COVID-19 vaccination – FDA
[N] 9-year-old boy burnt to death as stepfather sets house ablaze
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker
[I] Half of UK managers back mandatory Covid vaccines for office work
[I] Brussels to propose Covid certificate to allow EU-wide travel

2021-03-16

[I] Nick Candy leads £1m drive to oust London mayor Sadiq Khan
... go Back
 
Business

[ 2017-05-23 ]

MIDA sets eyes on financially viable bidder for ECG concession

ECG concession: bidders reduced to 6; MIDA sets eyes on financially viable bidde
The Millennium Development Authority (MIDA) has
assured Ghanaians that it will select a
financially viable concessionaire for the
Electricity Company of Ghana (ECG). This was made
known at the first bidders’ conference held in
Accra to take bidders through the processes and
requirements involved in the concession of the
ECG.

The ECG has been riddled with lot of challenges
including financial and managerial, and the
concession programme forms part of measures to
review the company. Per the agreement, government
will have a 51 percent stake, while the
concessionaire takes 49 percent.

About 140 companies tendered in their bids to
manage ECG out of which 11 were shortlisted.
Meanwhile the government has reduced the number
further down to 6 whose documents are being
considered that would lead to the selection of one
bidder.

Speaking to the media at the conference, chief
executive officer of MIDA engineer Owura Sarfo
says the authority will do due diligence in
selecting a concessionaire that has the financial
muscle to turn the fortunes of the power
distributor around.

He said “Each of them will need to demonstrate
by their documents that they have the capacity,
and that will be evaluated by the evaluation
committee. We know the si

tuation at stake and we will make sure that
whoever is selected can perform”. “The right
person with the sound financial standing will be
selected”, he added. He added that the contract
will be subjected to yearly review for effective
performance.

“We have a number of performance indicators that
the concessionaire will have to meet. At the end
of every year the contract will be reviewed as
well as the end of every year 5 year”, he
stated.

Mr. Owura Sarfo said, “There will be sanctions
if they do not perform according to what has been
agreed”.

Source - 3news.com



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