Topic: Investigations show Power Distribution Service presented a forged document for the takeover of ECG according to the Energy Minister  (Read 1259 times)

0 Members and 1 Guest are viewing this topic.

Investigations show Power Distribution Service presented a forged document for the takeover of ECG according to the Energy Minister

The Minister for Energy John Peter Amewu has said the government has conducted investigations which proved that a document presented by Power Distribution Service (PDS) as a guarantee for the takeover of the Electricity Company of Ghana (ECG) was forged.
   
   
   
       
       
           
               
                   

The Minister for Energy John Peter Amewu has said the government has conducted investigations which proved that a document presented by Power Distribution Service (PDS) as a guarantee for the takeover of the Electricity Company of Ghana (ECG) was forged.


               
           
               
                   

In an interview with Accra-based Citi FM, the minister revealed that a company in Qatar guaranteed for PDS as part of the documentation needed to take over from ECG.


               
           
               
                   

However, the management of the company told the government it did not know the document.


               
           
               
                   

Mr. Amewu said that the government will prosecute anyone found to have engaged in the fraudulent act.


               
           
               
                   

“The investigation that was conducted through due diligence processes had established that the payment guarantee that was submitted by PDS to ECG was for some reasons the word fraudulent has been used in it. The executing authority denied ownership of such document and therefore had written to ECG to announce that we’ve got nothing to do with this document.”


               
           
               
                   

In a statement, the government announced that PDS’ concession agreement was suspended after the government discovered some breaches in the company’s obligation in the provision of payment securities.


               
           
               
                   

But PDS responded saying it had always acted in good faith and “will continue to act in good faith at all times.”


               
           
               
                   

PDS officially took over from ECG in February 2019 after winning the bid to run the power distribution service. The company was expected to turnaround the operations of ECG to make it profitable.


Source: Investigations show Power Distribution Service presented a forged document for the takeover of ECG according to the Energy Minister

- gist culled from pulseng

 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1600 Views
Last post August 26, 2012, 09:03:32 AM
by olutee
0 Replies
2073 Views
Last post September 28, 2013, 01:48:54 AM
by flukky01
0 Replies
1112 Views
Last post January 30, 2015, 01:01:14 AM
by flukky-2
0 Replies
966 Views
Last post December 02, 2016, 01:02:36 PM
by flukky-2
0 Replies
728 Views
Last post June 10, 2019, 01:06:42 AM
by thisday
0 Replies
700 Views
Last post June 10, 2019, 01:06:46 AM
by PulseNG
0 Replies
2106 Views
Last post August 07, 2019, 01:14:16 AM
by PulseNG
0 Replies
713 Views
Last post May 04, 2021, 07:04:35 AM
by PulseNG
0 Replies
391 Views
Last post December 24, 2021, 07:18:53 AM
by PulseNG
0 Replies
234 Views
Last post August 24, 2022, 07:16:32 AM
by flukky-2