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General News of Tuesday, July 30, 2019
Source: Myjoyonline.com
2019-07-30
play the videoECG takes over the property after the government suspended the PDS
The government suspended its concession agreement with Power Distribution Services (PDS), which allowed the Ghana Electricity Company (ECG) to regain control of the situation.
According to Information Minister Kojo Oppong Nkrumah, the decision was made after the government detected "fundamental and substantial breaches of the PDS obligation to provide payment guarantees (on-demand guarantees) for the transaction. which were discovered during subsequent checks ".
The newspaper Joy News PM Express announced on Tuesday that the government was concerned about securing the badets given to PDS.
"We detected, through extensive intelligence services, problems with the guarantees provided … they were not valid because we took steps to protect state badets by suspending the badets." "Concession agreement," he told the host Evans Mensah. .
The deputy of Ofoase Ayeribi also revealed that the Energy Commission had revoked the PDS distribution license and allowed ECG to resume work while the government conducted a thorough investigation.
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