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2021-03-16

[I] UK defends Oxford Covid vaccine over fears of blood clots
[N] COVID-19: Continue using AstraZeneca vaccine – WHO
[S] Preko: Expect a very competitive 2nd round
[S] Clubs owe coaches five months’ salary
[S] Legon Cities: Asamoah Gyan investment has yielded good returns
[B] Pursue demands through negotiation, arbitration – Telcos told
[A] Tension in Dixcove following beating of chief to pulp
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby
[A] Apam: Burial service for drowned teens to be held today
[N] Publisher, Badu Nkansah, apologises for ‘offensive Ewe’ textbooks
[N] Parliament’s Volta Caucus condemns ethnocentric publication in history book
[N] Ghanaians to pay tax for Covid-19 ‘free water’ enjoyed to fill economic gap

2021-03-15

[N] NaCCA orders withdrawal of unapproved textbooks
[B] Ghana prepares to issue $5 billion Eurobond
[N] Brain tumor patient appeals for GH¢ 30,000.00 for surgery
[N] AIMS Forum to mark International Mathematics Day
[N] Tema Sewer System: Ambitious project to address predicament
[N] A 21-year-old man stabbed to death at Effia
[N] Estate developers laud government’s decision to aid rent advance payments
[N] Let’s prioritize STEM; It’s the new niche for education policy – Ntim Fordjour
[N] 12 new deaths push toll 679; active cases now 3,994
[N] Over 400,000 Ghanaians vaccinated so far – Oppong Nkrumah
[N] Prof Allotey’s 9 Aug birthday must be made National Maths Day – Prince Armah
[N] Telecom workers to embark on strike from today
[N] NDC won the 2020 election hands down – Hannah Bissiw claims
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson
[N] Asiedu Nketia should be NDC running mate for NDC victory 2024 – Atubiga
[N] Rawlings kept over 20 wild dogs at his Ridge Residence alone – Hannah Bissiw

2021-03-14

[A] Kinaata’s Things Fall Apart can’t be called a gospel song
[S] Boxing legend ‘Marvellous’ Marvin Hagler dies aged 66
[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[S] What I’m seeing in training is massive–Mubarak Wakaso
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[N] NEWSPut ‘petty politics’ aside and support Akufo-Addo, Bawumia
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[S] Tribute: Henry Atta Ameyaw paid his dues to Hearts of Oak
[S] Why Wilfried Zaha has decided against taking the knee in Premier League games
[S] GFA fix new date for start of second round
... 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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