By:
Ronnel W. Domingo - 05:10 AM October 07, 2017
Meralco Electric Co.
took part in the second round of bidders’ briefing with the government of Ghana
to take a shot at a power distribution concession in the West African capital
of Accra.
According to Ghana’s
Millennium Development Authority (MiDA), Meralco is one of the shortlisted
entities from across the globe that met with state officials recently.
Meralco’s rivals for
the contract to manage the Electricity Company of Ghana Ltd. (ECG) are the
consortia of CH Group (Ghana)/ EDF SA/LMI Holdings/Veolia SA; BXC Company Ghana
Ltd/ Xiaocheng Technology Stock Co. Ltd./Shaanxi Regional Electric Power Group
Co. Ltd. (China) and Tata Power Co. Ltd. (India)/CDC Group Plc (United
Kingdom).
Ghana officials
included representatives from the country’s ministries of finance, energy and
justice; the Attorney General’s Department, Public Utilities Regulatory
Commission, Energy Commission, ECG and MiDA.
“The goal has remained
the same, to procure a concessionaire who would not only inject the required
financial investments ECG needs, but also introduce modern technology and
efficiency strategies that would turnaround the operational and financial
fortunes of ECG,” MiDA chief executive Owura Sarfo said in a statement.
“The meetings have been
planned to ensure that all clarifications and questions from each Applicant are
adequately addressed and everyone is on the same footing as we proceed to the
remaining stages of the procurement process,” Sarfo said.
According to Mida, the
applicants have until Jan. 5, 2018, to submit their bids for evaluation.
Also, the selection and
announcement of the winning bidder to manage, operate and invest in the
electricity distribution business of the ECG should be completed by March 2018.
Financial closing is expected to be in September 2018.
According to MiDA, the
bidding of concession to run ECG is part of the Ghana Power Compact II Program.
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