Business News of Tuesday, 6 July 2021Source: www.ghanaweb.com• PDS has lost its case at the Commercial court, against the ECG• The case was led in court by Attorney-General, Godfred Dame, for the government• PDS was supposed to help the ECG in the management of ECG’s assets, and to make the utility provider more efficientAn application by the Power Distribution Services (PDS) challenging the cancellation of its operation licenses has been dismissed by the Commercial Division of the Accra High Court. PDS sent in the application after the termination of a concession agreement it had with the government, through the Electricity Company of Ghana (ECG), to manage its assets. A report by graphic.com.gh said that last year, the PDS dragged the government to the High Court with a judicial review application seeking the court to quash the cancellation of its operation licenses by the government. It will be recalled that PDS won a concession through a private sector participation (PSP) in the management of ECG’s assets, and to make the utility provider more efficient. This was also to access the US$498 million that the US government had offered the country for its power sector under the power compact, or the US Millennium Challenge Compact II (MCC II).

Source: GhanaWeb July 05, 2021 16:41 UTC