The Public Utilities Workers Union (PUWU) is questioning the process leading to the selection of Meralco Consortium as the 'Preferred Bidder' to manage ECG.
General Secretary of PUWU, Michael Nyantaky, told Joy News the processes was faulty.
His comments follow the Millennium Development Authority (MiDA's) announcement of that Meralco is to be handed management duties at ECG.
PUWU says the country could lose out as MiDA had limited options because there were just a few companies to select from.
According to him, the fact that most of the 11 companies pulled out of the process leaving just two companies to select from suggests there is a problem with the whole process.
“How competitive was the process if at the end of the day you had two out of which you had to select one…Are you getting value for money? Is it the best we can get for us as a nation?” he asked.
Last year, President Nana Akufo-Addo said Ghana will have 51% shares in the entire transaction even when a new manager is appointed.
Having named Meralco Consortium as the new managers, Michael Nyantakyi asked who the local partners are.
The CEO of the Millennium Development Authority Martin Eson-Benjamin, however, maintained due process was followed in selecting Meralco.
He told Joy Business' George Wiafe a total of 83 firms applied for the job out of which a shortlist of 11companies was made.
He said out of the 11 companies, six bidders came and picked forms. Out of the six, four dropped leaving two of them.
"Those two companies had their proposals evaluated. And when you evaluate there is always the possibility of one of them being better than the other,” he stated.
When he was asked if Meralco had the competence and track record to manage ECG, he stated: “This is a company operating for 115 years. I am aware that the technical and financial evaluations that were done, put them at about 94% which meant they were in the position to take on the job that they had applied to do.”
He added the company was selected by independent evaluators and experts who scrutinized the bids before selecting Meralco.
Checks by Joy News indicate that Meralco is a Philippines-based company with over 100 years’ experience in managing electricity distribution.
Latest Stories
-
Chale Wote Street Art Festival: A call for artists ahead of 2024 edition
57 mins -
Floods: We’re exposed but my team and I are ‘running’ to catch up – Oppong Nkrumah
1 hour -
5 traits of sweet, committed men that may seem like red flags at first
2 hours -
We met on Twitter and our first date was a week-long road trip
3 hours -
The biggest mistake people make when meeting someone in person after talking online
3 hours -
I traveled 500 miles for a first date
3 hours -
My cousin saved my life and she never knew
3 hours -
Top UN court orders Israel to allow food and medical aid into Gaza
3 hours -
Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
3 hours -
The architecture we have used to tackle housing deficit has not been robust enough – Oppong Nkrumah
3 hours -
Government suspends implementation of price Stabilisation and Recovery levy on petroleum products
4 hours -
Takoradi traders lament over low sales ahead of Easter
6 hours -
I’ve served Effia constituency well – Joseph Cudjoe
6 hours -
Michael Ampadu: One Student, One Tablet initiative will shape the future of education and innovation
6 hours -
I will partner you for development – Alan tells TUC
6 hours