Ghana terminates $580m power deal with Filipino company

Ghana has finally cancelled its power agreement with Philippines Meralco led Power Distribution Services. The country’s power distributor, the Electricity Company was taken over by the Philippines Meralco Consortium. The takeover by the consortium known as Power Distribution Services, PDS Ghana Ltd took effect in March this year. The PDS Ghana Ltd was expected to take charge of power distribution for the next 20 years. The firm was to be the electricity service provider in all of the ECG’s operational areas most parts of the country. But on July 30 the government…

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