Energy Minister-designate John Abdulai Jinapor has highlighted the need for increased private sector participation in the operations of the Electricity Company of Ghana (ECG) during his vetting by Parliament’s Appointments Committee.
Mr. Jinapor emphasized the importance of a structured and transparent process to achieve this goal.
“We believe there should be private sector participation. What we intend to do is to form a 7-member committee, chaired by technical experts, legal aspects, financial experts, and some industry players, and even somebody from the consumer side,” he stated.
According to Mr. Jinapor the committee will be tasked with designing a comprehensive framework based on global best practices to determine the most suitable model for private sector involvement, whether it be a concession model or full privatization.
He assured the Appointments Committee that the process would be devoid of political interference.
“We will stay off as politicians and let them develop a framework in a transparent, open, and frank manner. Once we get the buy-in of Ghanaians, we can set standards using a Request for Proposal (RFP) or competitive tender process,” he added.
Mr. Jinapor stressed that the government would not resort to sole-sourcing for private sector participation in ECG operations. Instead, a competitive process with a strong emphasis on local content and Key Performance Indicators (KPIs) would be adopted. “Our approach ensures a clear path forward, incorporating private sector expertise while safeguarding national interests,” he explained.
The Minister-designate also revealed that the energy sector debt has ballooned to $3 billion.
Meanwhile, the Public Utilities Workers Union (PUWU) has vehemently opposed the privatization of ECG.
I will work with Bank of Ghana to stabilize the cedi – Ato Forson
The post Parliamentary vetting: Jinapor proposes private sector participation in ECG operations first appeared on 3News.
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