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ECG Celebrates 50years. +++ 50 Years of Powering the Socio-Economic Growth and Development of Ghana

ECG is not sold – MD Rubbish Rumors

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Managing Director of the Electricity Company of Ghana (ECG), Engineer Samuel Boakye-Appiah, has rubbished wide spread rumors that the government has off-loaded the company to the forest strategic investors.

He stressed that putting the largest electricity distributor under private care for 20 years partnership agreement is not a sale and that government will still own the assets of the ECG.
 
According to him, the company will continue to exist as a national asset to distribute quality and affordable power to the customer population of about 3.5 billion in the six regions of the country.
 
He noted that the ECG Financial and Operational Turnaround Project of the government was aimed to strengthen the governance and management of ECG by bringing in an acceptable concessionaire to make investment designed to reduce technical, commercial, and collection losses and improve service quality of the company.
 
This partnership, he noted will transform the ECG in terms of technology in power distribution, adding that “Let us seize the opportunity together to improve the power situation in our dear country.
 
“I wish to take this opportunity to assure our stakeholders that ECG will continue to exist as a Ghana electric utility.
 
“ECG has not been sold contrary to what others believe. With the introduction of the concessionaire to invest in, manage and operate our distribution asset, ECG will continue to exist albeit with a different focus.” Mr. Boakye-Appiah assured.
 
Mr. Boakye-Appiah who was speaking at the launch of the 50th-anniversary celebration of ECG in Accra yesterday promised the company’s commitment to being more committed to ensuring quality and affordable power delivery in the country.
 
The anniversary launch which brought together former managing directors of ECG, government officials, politicians, academia, energy experts, consultants, and the media was held on the theme: “50 Years of Powering the Socio-Economic Growth and Development of Ghana.”
 
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He noted that the new ECG will be an active and responsible asset owner to engage in Bulk energy trading, providing knowledge and skills to support other utilities through consultancy services and an ungraded training school.
 
“The new ECG will also embrace the introduction of renewable energy into Ghana’s energy mix in order to improve the reliability of supply to its customers.
 
Minister of Energy, Boakye Kyeremateng Agyarko who performed the launch, congratulated the ECG and urged management and the staff of the company to live its brand promise of efficiency and quality and affordable power delivery.
 
The sector minister who was represented by the Deputy Minister of Energy, William Owuraku Aidoo also encouraged Ghanaians to take part in the events which have been lined up to commemorate the 50th anniversary of the company.
 
He insisted that workers of ECG should have nothing to fear and that no worker would be sacked as a result of a concessionaire taking over the running of the company.
 
He assured workers of the ECG that they would not be sacked when management changes hands and that a clause would be inserted in the contract to protect the workers.
 
 “I wish to restate the fact that government is not privatizing the ECG.
 
The government will still own the assets of ECG while they are managed and operated by the concessionaire.
 
“We are seeking the best qualified private sector partner, with the financial capacity and the right experience to partner ECG. We expect that the engagement will transfer capacity to ECG staff for sustainable management of the utility,” Owuraku Aidoo told over 100 participants.
 
Available figures show that ECG is one the largest power distribution utilities in Sub-Saharan Africa with over 3million registered customers and over 6,000 GWh of electricity sold per annum.
 
While ECG’s service area covers approximately 36 percent of country’s territory, it services 18.12 million people, 57. 6% of which live in urban areas.
 
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Source: Sokystar
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