Ghana parliament permits private electricity stake

ACCRA, July 26, 2018 – Ghana’s Parliament has approved private sector participation in the Electricity Company of Ghana (ECG), local media reported Wednesday.

The consortium, led by the Manila Electric Company (Meralco), is investing within the terms of the Second Millennium Challenge Compact, Ghana News Agency reported.

A joint committee made the recommendation and added that it should be financially beneficial for the government as the new concessionaire will bear the brunt of all major new investments, helping to minimise the impacts of such investments on the national budget.

The consortium includes Meralco of the Philippines (30%) and Angola’s Aenergia (19%), as well as local companies Santa Baron Ventures Ghana (13%), TG Energy Solutions (18%), GTS Engineering Ghana (10%) and TBK Ghana (10%).

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