MiDA selects Meralco consortium to run Electricity Company of Ghana

Following a competitive procurement process, the Ghanaian government organisation Millennium Development Authority (MiDA) has selected a Meralco-led consortium of the Philippines as preferred bidder to manage the Electricity Company of Ghana (ECG). The 20-year concession will be 51% Ghanaian-owned as outlined in the government's Private Sector Participation (PSP) agreement. The US independent foreign aid agency Millennium Challenge Corporation (MCC) will invest about $418 million into ECG with Meralco supplying an additional $500 million.