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Business News of Sunday, 22 April 2018

Source: kasapafmonline.com

MiDA must make profile of Meralco, Local partners public – COSECA

The Coalition of Stakeholders on Energy Concession Arrangements (COSECA) has called on government to disclose the Local partners of the Meralco Consortium selected by the Millennium Development Authority (MiDA) to manage the Electricity Company of Ghana (ECG), under the Power Compact II agreement.

Convener of the group, Richard Nyamah in an interview with sit-in host Kwaku Owusu Adjei on Anopa Kasapa on Kasapa 102.5 FM accused the Millennium Development Authority of “sweeping under the carpet” the profile and further details of the preferred bidder[Meralco] saying there was a “real lack of transparency” in that process.

The Millennium Development Authority (MiDA), has selected Meralco Consortium, to manage the Electricity Company of Ghana [ECG], under the power compact Two agreement.

Meralco Consortium is led by the Manila Electricity Company from the Philippines.

A statement from MiDA said Meralco Consortium is known to have the highest combined technical and financial score, and has therefore been designated for the job.

But Nuamah has argued that stakeholders could have been well positioned to do a better critique and analysis of the capacity and experiences of Meralco in the electricity distribution sector, if they’d adequate information on the preferred bidder.

“Its not very clear what went into that process, but whether they like it or not, at a point they have to open up their books for us to see who and who are behind it. To be frank, the previous entities that were making the bid initially, there was more information on them that is how come we were able to make better analysis about them and advise government well on that.

Nonetheless, I can assure that anytime we have the documentation and information about concessionaire as we go forward we’ll take them through the legal and technical analysis required. We’ll continue to probe the ECG concession agreement to the letter to ensure Ghanaians get the best deal out of this.”