General News of Saturday, 10 March 2018Source: Classfmonline.comAyariga lampoons Mahama's ECG-MCC concession deal as ‘bad, wrong’Bawku Central MP, Mahama AyarigaBawku Central MP, Mahama Ayariga, of the main opposition National Democratic Congress (NDC), has said the decision by the John Mahama administration to let the Millennium Challenge Corporation (MCC) enter Ghana’s power system through a concession deal is not only "wrong" but "bad". Under the Power Compact, six projects will be implemented to address the root causes of the unavailability and unreliability of power in Ghana. The project comprises ECG Financial and Operational Turnaround Project, NEDCo Financial and Operational Turnaround Project, Regulatory Strengthening and Capacity Building Project, and Access Project. The rest are Power Generation Sector Improvement Project and Energy Efficiency, and Demand Side Management Project. The Ghana Power Compact will provide Ghana with a grant sum of US$498,200,000 to improve the performance of Ghana’s power sector, unlock the country’s economic potential, create jobs, and reduce poverty.

Source: GhanaWeb March 10, 2018 13:41 UTC