Government inaugurates Steering Committee to drive private sector role in power distribution

The authorities has inaugurated an eight-member Private Sector Participation (PSP) Steering Committee to supply strategical oversight for the implementation of the reintroduced Multiple Lease Model (MLM), aimed astatine transforming energy organisation successful Ghana.

The MLM approach, which segments energy organisation services into determination units to beryllium managed by assorted backstage operators, is designed to pull credible investors, heighten efficiency, trim method and commercialized losses, and amended lawsuit restitution nationwide.

The PSP Steering Committee volition beryllium chaired by John Abdulai Jinapor, Minister for Energy and Green Transition, with Dr Cassiel Ato Forson, Minister for Finance, serving arsenic co-chair.

Other members see Elizabeth Ofosu-Adjare, Minister for Trade and Agribusiness; Dr. Dominic Akuritinga Ayine, Attorney General and Minister for Justice; and Felix Kwakye Ofosu, Minister of State for Government Communications.

The remaining members are Julius Kpekpena, Acting Managing Director of the Electricity Company of Ghana (ECG); John Okine Yamoah, Acting Managing Director of the Northern Electricity Distribution Company (NEDCo); and Madam Baba Akon, who volition service arsenic Secretary to the Committee.

In a connection work connected his behalf by the Deputy Minister for Energy and Green Transition, Richard Gyan Mensah, astatine the inauguration successful Accra, Jinapor said the MLM is simply a cornerstone of the government’s broader vigor assemblage betterment and modernisation strategy.

He explained that the Steering Committee volition supply strategical absorption for the PSP rollout, stitchery baseline data, including auditing the PSP deal—coordinate with ECG, NEDCo, regulatory bodies, and transaction advisors, and show advancement crossed captious milestones.

“The Committee volition besides beryllium liable for reviewing and advising connected transaction documents, procurement frameworks, draught agreements, hazard mitigation strategies, regulatory compliance, and stakeholder communications,” Jinapor stated.

He added that the PSP Implementation Unit wrong the Ministry of Energy and Green Transition volition service arsenic the Secretariat to the Committee, offering administrative and method enactment passim the implementation process.

Jinapor tasked the Committee with ensuring that the procurement of technical, financial, and ineligible transaction advisors is completed by May 31, 2025, to facilitate the commencement of elaborate implementation.

“By September 2025, we expect issuing the archetypal signifier of the competitory bidding documents for backstage concessionaires,” helium said.

Three sub-committees; Technical, Governance & Regulatory, and Stakeholder Management, person besides been established to enactment the process.

Jabesh Amissah-Arthur, Chair of the Technical Sub-Committee, expressed gratitude for the accidental to service and called connected Ghanaians to enactment the Committee arsenic it undertakes its captious mandate.

“The roadworthy volition beryllium challenging and difficult, but I person assurance successful the members. We volition beryllium capable to unrecorded up to expectations by guiding the restructuring of the powerfulness organisation assemblage to guarantee improved lawsuit service,” helium said.

MA