MiDA receives proposal from bidders for ECG concession

The Millennium Development Authority (MiDA), has received two (2) Proposals for the Concession for the Management of, Operation of, and Investment in the electrical distribution business of the Electricity Company of Ghana (ECG).

The Millennium Development Authority (MiDA), has confirmed in a statement.

“As at the Proposal submission deadline of 4:00 pm, March 26, MiDA received proposals from the following Consortia – BXC Ghana and Manila Electric Company (MERALCO),” the statement said.

The ECG Private Sector Participation Activity is one of five activities under the ECG Financial and Operational Turnaround Project of the Ghana Power Compact Programme.

MiDA opened the Proposals in the presence of the representatives of the bidders.

The Proposals will be submitted to an independent evaluation panel composed of local and international experts.

MiDA however expects the panel to complete evaluations of the Proposals by mid-April 2018.

Other milestones to be reached in the process by September 6, 2018 are: Negotiations with the Preferred Bidder, Cabinet Review and Recommendation of the Concession Agreement and Parliamentary Ratification of the Concession Agreement.

French electricity conglomerate EDF, French transnational company Veolia and their local partner CH Group – who have put in a joint bid for the ECG Concession withdrew from the process at the last minute.