Insider vows to reveal more on rotten PDS deal

“Turning and turning in the widening gyre. The falcon cannot hear the falconer; Things fall apart; the centre cannot hold…”

Nigerian English Professor, Chinua Achebe’s rendition and elaboration of William Butler Yeats’ poem, The Second Coming is what vividly echoes the troubled ECG concession agreement to Power Distribution Services that has put the Akufo-Addo led government into a quicksand.

And “Mere anarchy is loosed upon …” the governing New Patriotic Party (NPP) as it tries hard to salvage the situation that has incurred the displeasure of the United States Millennium Challenge Cooperation which guided initial steps by providing cash to improve electricity generation and delivery in Ghana.

A new canary bird from the inner staple of the NPP is vowing to reveal more dirty details surrounding the rotten deal.

In a private chat with colleague NPP members, a conversation eavesdropped by, the die-hard member is livid with anger on the outright greed of some big players in the government whose actions have the potential to send them into opposition.

The NPP man has obviously joined the likes of Peter Amewu, energy minister, his deputy and MP for Asokwa K.T. Hammond who have called on President Akufo-Addo to put his feet down and correct the embarrassing spectacle without delay.

He warned that he would go ahead to mention more names and other details should the president fail to deal quickly with the situation.

Government’s tweaking of the original agreement to provide for 51 per cent local ownership provided an avenue of vultures including Philip Ayensu, owner of X Men Barber Shop, East Legon, Gabby Asare Otchere Darko, Nana Asante Bediatuo, Godfred Odame, NPP MP for Sekondi, Andrew Agyapa Mercer, Lawyer Sophia Kokor of Danquah Institute and Keli Gadzekpo to programme an onslaught.

It has emerged that the 51 percent Ghanaian companies ownership (TG Energy Solutions Ghana Ltd, Santa Power Ltd and GTS Power Ltd,) as part of the consortium were not financially and technically sound enough to partake in the deal.

PDS, which was expected to inject about US$580million into ECG in the first five years of its operation also failed to demonstrate capitalization for even the first year of their operation.

Had the PDS deal not been discovered of the fictitious layers, Gabby, Ken Ofori Atta and their cronies would be making a cool US$134 Million annually for the next 20 years.

However, the 51 percent Ghanaian companies ownership (TG Energy Solutions Ghana Ltd, Santa Power Ltd and GTS Power Ltd,) as part of the consortium were not financially and technically sound enough to partake in the deal.

This led to challenges in providing bank statements of actual receipt of equity contributions accompanied by certifications from PDS Ghana on its outstanding shares and paid-up capital by shareholders.

It has also emerged that Meralco was the only partner in the deal that proved their technical and financial capability beyond all reasonable doubt.

The Real Characterisations

Meanwhile, has gathered the largest Ghanaian shareholder in the PDS transaction is TG Energy solutions, whose main shareholder is one Philip Ayensu, owner of X Men Barber Shop, East Legon and without experience in electricity management but has links with defacto prime minister Gabby Asare Otchere Darko, President Akufo-Addo’s nephew.

Information has it that for years now, his barbershop has been cutting and trimming the hairs of Gabby, Dr Bawumia, Nana Asante Bediatuo and Godfred Odame and many other top NPP functionaries.

Philip Ayesu through TG Energy Solutions Ghana, has 28 percent shares in the Consortium of investors, making it the second-largest shareholder in the transaction, which would have seen ECG being managed for 20 years.

NPP MP for Sekondi, Andrew Agyapa Mercer acts as director of TG Energy while known NPP advocacy Group member, Lawyer Sophia Kokor of Danquah Institute acts as second director.

Finance Minister Ken Ofori-Atta is also cited as having his ‘pawns’ all over the rotten family and friends deal with lifelong partner, Keli Gadzekpo, appointed board chairman of ECG, though that was not his field of expertise.

Information on the ECG Concession agreement indicates Ghanaians had been given a raw deal, with the key state asset going away under fishy and untidy circumstances.

In a statement issued on Tuesday, July 30, 2019, signed by Information Minister, Kojo Oppong Nkrumah, the government said the decision was taken after some fundamental and material breaches were detected on the part of PDS.

But Information gathered by indicates that, the agreement was suspended after the demand guarantees presented by PDS was probed.

PDS did not have money and even went to BXC [a company disqualified during the bid] for financial support.

BXC Consortium was disqualified from the bidding process by Millennium Development Authority (MiDA) from managing Electricity Company of Ghana (ECG).

BXC Consortium in the process sue Millennium Development Authority (MiDA) for unfair disqualification in the bidding process.

Information gathered reveals that Millennium Development Authority (MiDA) were sued when it was detected that the documents were forged in the name of the energy commission and illegal acts done in the name of PURC. When the suit came up for hearing, same entities came telling the court they have resolved all these serious matters of which energy commission and PURC were supposed to be probed.

This has greeted a lot of mixed reactions from the Ghanaian populace, civil society and energy experts since government broke the news of suspending PDS operations.

Millennium Development Authority (MiDA) has been blamed for failing to do due diligence before awarding the contract to PDS.

The Africa Centre for Energy Policy (ACEP) in a statement is calling for the immediate interdiction of the leadership of the Millennium Development Authority (MiDA) for failing to do due diligence before awarding the contracts.

It has called for immediate arrest of all people involved in the fraudulent PDS concession.

In a subsequent response, government said it was investigating the whole deal in 30-days to decide the way forward. This investigation will involve travelling Doha and the United States.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *