ECG Private Participation: Would it be BXC, Tata or EDF?
Alex Mould writes:
The termination of the PDS agreement seems to be the
trending topic this weekend. In fact, the Finance Minister's cancellation
letter seems like a summary of what some of us have been writing- glad to know
they actually read what we write. And I’m glad that what some of us citizens
have been writing to share the facts by breaking down all this financial
gibberish into simple plain English for the discerning citizenry, has reached
government’s ears!
My question is, If government knew all this all along why on
earth did they take us through this RIGAMAROLE?
I’ve been amazed at how, since this “FRAUD” erupted, they’ve
spewed to us such cockamamie from their government propaganda apparatus,
including some ill-informed Think Tanks!!!
Now let's deal with the actual content of the letter; how
can government agree with a report that the following are not liable for a dud
guarantee that is being used to end this Power Service Provider (PSP) Agreement
in the MCC Power Compact???:
* Arranger of the Insurance- CAL Bank
* Local Insurance Company- Donewell
* Advisors to Millennium Challenge Corporation (MCC),
International Finance Corporation (IFC) and Millennium Development Authority
(MiDA)
I suggest a full audit, and perhaps even forensic, by a company agreed to by a bi-partisan
Parliament to investigate this, as well as the almost US$1.5 billion that has been
collected since PDS’s inception as a PSP and concessionaire of ECG.
I also believe that we should not rush into getting another
cooked “New-PDS” in the next tender and set very high pre-qualification
criteria, especially of the local partners to avoid the embarrassment we saw in
the recently cancelled PDS scam.
All along, the powers that be (and by now we all know them
i.e the same puppet masters used by this corrupt government presided over by
our President Nana Akufo Addo himself) have been scheming to get one of the
other 3 MiDA pre-qualified utility companies- Tata, EDF, and BXC - to play ball
with them; and more importantly change their Local Partners (LP), who were
prequalified, to a new LP controlled by they the puppet masters.
There are some interesting facts regarding these three
pre-qualified utility companies.
It is informative to know that BXC have already been in some
small concessionairing arrangement with ECG for the last 5 or so years,
covering only 2000 km lines of distribution out of the 100,000 km lines being
concessionaired out to the new PSP under the MCC/MiDA arrangement with ECG.
I'm hearing however that they were eliminated from the tender
process mainly because of irregularities of their operations and shoddy work
which has cost ECG over $100M with only $10M investments by BXC.
However, there is also the school of thought that the US did
not want any Chinese company associated with the MCC Compact, a program funded
by the USA government.
So, the “puppet masters” used all this rigamarole to
eliminate PDS so that they can now bring in their own concessionaire (yet to be
named after a smoke screen fast track tender to take place by Dec2019) all in a
bid to secure the entire 51% local content for themselves in a clean deal. With
PDS gone, they no longer have to share the 51% and they therefore control our
entire electricity distribution revenue of US$2 billion for 20 years.
It would be interesting to see which of the three players -
Tata, EDF and BXC - they eventually go to bed with. That is which player has
the lowest scruples to allow a change in their local partner all in the aim of
raping this country by stealing of state resources.
I am deducing that since NADAA’s visit to France they are
favoring EDF (the French utility player) but don’t leave out the Indians and
Chinese who apparently are dangling $$$ incentives to win this concessionaire.
As my mother always told me “when you lie down with dogs,
you wake up with fleas.”
In my opinion the real cause as to why this PDS deal fell
through was the inability to agree a sharing agreement with the
Ayensu/Agyapong(Zoomlion) led consortium.
This thus forced the Finance Minister to write to the MCC
cancelling PDS as the concessionaire of ECG, and requesting a second chance to
fix this.
Furthermore, the only
reason the cancellation of PDS has taken this long is because of the
intricacies in hiding the true beneficial owners of the new LP of the new
concessionaire to be.
Hmmmm......would it be BXC, Tata or EDF?
Let me go listen to my favorite Jimmy Cliff song
..........”Tme Will Tell”
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