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The Electricity Company of Ghana, ECG has served notice that they have resumed full operational and financial control of power distribution business in the Southern zone with immediate effect.
According to the statement from the ECG, they have terminated the Private Sector Participation Transaction Agreements with the PDS.
The statement further asked all stakeholders and customers to engage the ECG in their normal activities.
READ ALSO: Gov't cooked up fraud allegations to terminate PDS deal - PIAC boss alleges
Ghana lost a $190 million granted by its US partners as part of a power concession agreement.
The US Embassy on Tuesday said the Millennium Challenge Corporation (MCC) confirmed that the money is no longer available after Ghana decided to terminate the concession agreement with Power Distribution Services (PDS).
READ ALSO: US unhappy over the termination of PDS deal says it's unwarranted
The money was available upon a successfully executed concession agreement, the statement said.
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