TIG Post

Tag: ECG

  • ECG retrieves GH¢200,000 from illegal connections at Dansoman

    The Dansoman District Office of the Electricity Company of Ghana (ECG) has, since January this year, retrieved more than GH¢200,000 from customers who were using electricity illegally.

    The Dansoman District Manager of the ECG, Mr Vincent Osei-Appiah, told the Daily Graphic that a special monitoring team set up to audit electrical connections in factories, warehouses and workshops led to the uncovering of the canker.

    Read: No power outages during Christmas ECG assures

    Customers

    “The identified customers were engaged in illegalities such as direct connections, meter tampering and meter bypass,” he said.

    He added that following the success achieved by the task force so far, the scope of its operations would be expanded to include all categories of customers in the district.

    The Dansoman District is one of seven operational districts of the ECG in the Accra West Region.

    Warning

    The acting General Manager, Accra West Region of the ECG, Mr Emmanuel Ankomah, warned that the region would wage a relentless “war” on all illegal activities as the Christmas season beckoned.

    Read: VALCo, ECG owe GRIDCo US32m, GHC607m respectively Staff

    “We want to make the Accra West Region the model for others to emulate. Special measures, including strategic partnerships with the security agencies, have been taken to identify, surcharge and rectify all illegal connections in the region,” he said.

    Mr Ankomah advised ECG customers to report any suspected illegal connection to the nearest ECG office and pledged that aside from the identity of the whistleblower being protected, “there is a cash reward for the informant”.

     

    Source: Graphic.com.gh

  • VALCo, ECG owe GRIDCo US32m, GHC607m respectively Staff

    The Volta Aluminum Company (VALCo) owes the Ghana Grid Company (GRIDCo) US$32million, President of the GRIDCo Staff Union, Raphael Kornor, has said at a press briefing in Accra on Thursday, November 21.

    He added that as of March 1, 2019, the Electricity Company of Ghana (ECG) similarly owed GRIDCo about GHC607million.

    Strike looms as GRIDCo gives ECG et al two-week ultimatum

    The workers are, therefore, calling on authorities to ensure that these monies owed GRIDCo are paid.

    Mr Kornor indicated that staff will on Friday, November 29, 2019, stage a demonstration over 32 million owed the company by key stakeholders in the energy sector.

    The workers said they will match en mass to the Electricity Company of Ghana Volta Aluminum Company (VALCO) and the Ministry of Finance in demand of unsettled debts.

    GRIDCo workers to march over GHC1.2bn debt

    The workers who have commenced an industrial action by withdrawing all emergency services on Thursday, November 21, 2019, have been directed by leadership of the Union not to provide any further services beyond the official working hours at 4.

    Members have also been directed to hoist red flags raising signals of turbulent times ahead for the energy sector.

    Source: laudbusiness.com

  • ECG to be listed on the Stock market – Finance Minister

    The Electricity Company of Ghana(ECG) is to be listed on the Ghana Stock Exchange, Finance Minister, Ken Ofori-Atta has announced.

    Presenting the budget statement and financial policy of the government of Ghana for the year ending 31st December 2020, he said “Government will make every effort to avoid the pitfalls that the PDS concession encountered and institute broad Ghanaian institutional participation, as well as democratize local equity participation, with an eventual listing on the Ghana Stock Exchange”.

    Read: ECG will still be privatised despite PDS fiasco Finance Minister

    He also added that a well-executed partnership between ECG and the “right” technical and financial partners, will certainly improve the distribution capabilities and enhance end-user experiences.

    To this end, heightened scrutiny will be brought to bear in the design and implementation of the financial and technical evaluation criteria to ensure that interested bidders not only have credibility and extensive experience in operating and managing a comparable electricity utility but also possess the financial wherewithal to make the requisite investments in ECG, he noted.

     

    Source: thebftonline.com

  • Staff agitations wont affect power delivery – ECG assures

    The Electricity Company of Ghana (ECG) has assured the general public that agitations among its staff will not affect the smooth operation and quality of the service already being enjoyed by Ghanaians.

    “Management wishes to assure staff, the general public, and all stakeholders that in collaboration with the Public Utilities Workers Union (PUWU), the current situation will not interfere with the core mandate of the company: to deliver safe, quality and reliable power to our cherished customers”.

    Profile of new ECG boss, Kwame Agyeman-Budu

    There have been reports of agitations by some staff of the company after a decision to realign some staff positions was announced.

    This decision has been necessitated due to the termination of the PDS Concession Agreement.

    Energy Commission restores license to ECG to distribute and retail power

    A statement signed by the Managing Director of ECG, Kwame Agyeman-Budu, said even though the issues have been observed mainly at the Higher levels of management, efforts are being put in place to address the situation across all levels.

    Source: www.citinewsroom.com

  • Profile of new ECG boss, Kwame Agyeman-Budu

    The newly-appointed Chief Executive of the Electricity Company of Ghana, Kwame Agyeman-Budu, has over 28 years of work experience in the energy industry.

    Below is the profile of the man who has been named as the successor of Ing. Samuel Boakye-Appiah, with immediate effect.

     

    Source: myjoyonline

  • Energy Commission restores license to ECG to distribute and retail power

    The Energy Commission has granted the Electricity Company of Ghana (ECG) the Electricity Brokerage Licence to enable it to sell electricity in bulk to consumers after the earlier license issued to Power Distribution Services (PDS) was canceled.

    A statement issued by the Board of the Energy Commission said PDS and ECG were to facilitate a smooth transition process to ensure that customers were not adversely affected.

    Read: PDS deal cancellation was to protect $3 billion ECG assets — Ofori-Atta

    It said the Commission, therefore informs the public that based on communication from ECG, the Demand Guarantees submitted by PDS to ECG in respect of the Lease and Assignment Agreement (LAA) between the two companies were null and void.

    It said the Commission per the provisions of Section 19 of the Energy Commission Act, 1997 (Act 541), has canceled the Electricity Distribution Licence No. EC/EDL/02-19001 and the Electricity Sale Licence No. EC/ESL/02-19-001 issued to PDS with effect from 23rd October 2019.

    Why the deal was terminated

    PDS was in July 2019 found to have presented invalid insurance security for the takeover of ECG assets.

    The company was initially supposed to furnish the ECG with payment securities in the form of either a demand guarantee or a letter of credit issued by a bank.

    The insurance guarantee came about because of difficulties experienced with raising a bank guarantee.

    PDS appealed to use a demand guarantee issued by an A-rated insurance company.

    Read: List ECG on Ghana stock exchange Wereko-Brobbey

    PDS thus submitted the Payment Securities in the form of demand guarantees issued by a Qatari insurance firm, Al Koot Insurance, and Reinsurance, which eventually became the source fraud after it was discovered that there were fabricated letters and forged signatures.

    The government also noted that Al Koot could not engage in such a transaction-based on its net worth.

    The company was also not authorized to issue demand guarantees.

     

    Source: www.citibusinessnews.com

  • ECG terminates contract with PDS

    The Electricity Company of Ghana Limited (ECG) has terminated the Private Sector Participation Transaction Agreements with Power Distribution Services Ghana Limited (PDS).

    ECG has therefore assumed full operational and financial control of the electricity distribution business in the Southern Zone of Ghana with immediate effect, a statement issued by the company on Wednesday, October 23, said.

    Consequently, all activities including metering, billing, distribution and reconciliation of bills, revenue collection and new service connections, which were hitherto undertaken by PDS have reverted to ECG, the statement added.

    He other activities are

    Disconnections and reconnections

    Faulty meter replacements

    Network faults and repairs

    Network Operations, Maintenance, Expansion and Rehabilitation

    Complaints and fault reporting to the call centres and any other related services

    In this regard, all payments in respect of power purchases and other related activities should take place at ECG Regional and District Offices, ECG existing Customer Service Centres, ECG licensed vending stations, ECG operated cash points and ECG authorised Banks.

    The statement added that, all assets currently in the name of PDS revert to ECG with immediate effect and will be rebranded in accordance with the decision over the next few weeks.

    Source: Graphic.com.gh