Ghana suspends $580 Million power agreement with PDS

The government of Ghana has suspended a concession agreement it signed with the Power Distribution Services (PDS). Ghana’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. PDS took over…

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