The Millennium Development Authority (MiDA) has awarded the operation, investment and management of the Electricity Distribution Business of the Electricity Company of Ghana (ECG) to the Meralco Consortium.

This followed the completion of the international competitive procurement process and evaluation of the proposals received for the ECG Concession.

A statement issued by Madam Pamela Djamson-Tettey, the Director of Communication and Outreach for MiDA, copied to the Ghana News Agency in Accra, said Meralco Consortium was adjudged to have had the highest combined technical and financial score and, therefore, been designated as the preferred Bidder.

‘‘The Meralco Consortium is led by the Manila Electricity Company (Meralco), a 115-year old privately-owned company incorporated in the Philippines.

‘‘Its electricity distribution network covers a third of the Philippines and serves a customer population (Accounts) in excess of six million,’’ the statement said.

It said negotiations would soon commence to finalise all the agreements related to the implementation of the ECG Private Sector Participation Transaction.

MiDA, therefore, assured Ghanaians that it would continue to adhere to, and uphold high standards of integrity and transparency throughout the process.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleApril 27 Set Aside for 2018 Youth Volunteerism and Patriotism Awards
Next articleMahama Advised Against Contesting Ghana’s 2020 Elections
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.


Please enter your comment!
Please enter your name here