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Mida NEWS the Official Newsletter for Ghana Compact II June 2017 Vol

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Mida NEWS the Official Newsletter for Ghana Compact II June 2017 Vol Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 MiDA. NEWS The official newsletter for Ghana Compact II June 2017 Vol. 1 Issue 4 SHORTLISTED BIDDERS ATTEND FIRST BIDDERS CONFERENCE ALSO IN THIS ISSUE MiDA STAFF ATTEND ANTI-FRAUD TRAINING WORKSHOP ECG PSP STAKEHOLDER COMMITTEE INAUGURATED GHANAIANS EXPECT IMPROVEMENTS FROM COMPACT II IMPLEMENTATION Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 CONTENTS Ghanaians expect improvements from Compact II implementation...............3 Shortlisted Bidders attend First Bidders Conference......................................4 Ghana Compact II presented to UK business investors..................................8 Energy Efficiency Curriculum Audit Workshop held in Koforidua.................9 MiDA trains local firms for MCC Compact II....................................................10 ECG PSP Stakeholder Committee inaugurated...............................................11 MiDA Board Reconstituted................................................................................12 MiDA Staff attend Anti-Fraud Training Workshop...........................................13 SGI Celebrates World Women's Day with women in Markets........................14 Ghana Power Compact presents positive outlook for Ghana's economy....15 2 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 GHANAIANS EXPECT IMPROVEMENTS FROM COMPACT II IMPLEMENTATION rofessor Yaa Ntiamoah-Baidu, Board Chair of MiDA, has re-affirmed that Gha- The Board Pnaians have high expectations of the Gha- Chair made na Power Compact. She said Ghanaians expect these remarks the Compact to bring in the needed improve- at the First ments to help address the challenges facing Bidders’ con- Ghana’s Power sector. ference held in Accra on May “It is clear that we have great expectations from 23, 2017. the implementation of the Compact and we also have great expectations of improvements About 200 from the ECG Private Sector Participation…” hundred par- she said. She emphasized that there is also great ticipants, in- expectations of the winning bidder who would cluding five of have the mandate to turn around the financial the six ECG PSP bidding entities, local and for- and operational fortunes of ECG to realise the eign financial institutions, civil society, the me- improvements envisaged under the Compact II dia and development partners attended the First Programme. Bidders Conference. Prof Ntiamoa-Baidu also advised on the need A second Bidders’ Conference is expected to be for all stakeholders to help manage the change organised in July 2017 to allow Bidders to con- associated with the Compact’s reform agenda. duct further due diligence on ECG. “We have to take up the challenge of helping the staff of ECG to accept the change” she said. 3 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 SHORTLISTED BIDDERS ATTEND FIRST BIDDERS CONFERENCE he first Bidders’ Conference on the con- Hon Agyarko added that “years of inadequate cession for the Private Sector Participa- investment, inefficiencies within the utility, and Ttion (PSP) in the electricity distribution a large stock of outstanding receivables, partic- business of the Electricity Company of Ghana ularly in the distribution sector, have all con- (ECG) has been held at the Alisa Hotel in Accra. spired to make the organizations in the sector The ECG PSP transaction is one of five activi- what they are today. As a nation, we should set ties under the ECG Financial and Operational our sights firmly on turning around the fortunes Turnaround Project funded through the Ghana of this strategic sector.” Power Compact. The Board Chair of MiDA, Prof Yaa Ntia- The event, organized by the Millennium De- moa-Baidu said the Bidders’ Conference was a velopment Authority (MiDA), was attended major step towards meeting the objectives of the by over 100 people, comprising local and inter- Compact II Programme. She added that, “since national investors, local financial institutions, the new Board was formed, we have been build- trade associations, and government and reg- ing on all the work that has been done so far in- ulatory institutions. It was a forum to discuss cluding work on the process of identifying qual- the structure of the ECG Concession and share ified private sector partners for ECG through a ideas aimed at improving the process. transparent and competitive process.” Launching the event, the Minister for Energy, In his welcome remarks, the Chief Executive Hon. Boakye Agyarko stressed the importance Officer of MiDA, Ing Owura K. Sarfo said, “the of reliable and available power supply for na- ECG Financial and Operational Turnaround tional development. “There is no argument that Project aims to strengthen the governance and an improved and efficiently managed power management of ECG by bringing in an accept- sector is key to unlocking the development po- able concessionaire to make investments de- tential of our dear country,” he said. signed to reduce technical, commercial, and col- a cross section of participants at the bidders conference 4 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 lection losses and improve service quality.” Concession and potential local and internation- “MiDA continues to work together with all al investors. Bidders also toured selected ECG stakeholders on this journey of identifying the sites while in Ghana. best qualified private sector partner for ECG. This partnership will transform the ECG in Additionally, a one-on-one meeting was set up terms of technology in power distribution. Let with each bidder meeting MiDA, the Transac- us seize the opportunity together to improve the tion Advisors & ECG to discuss and seek clarifi- power situation in our dear country,” he added. cations on the process. The Bidders’ Conference facilitated interaction between the shortlisted Applicants for the ECG Bidders in a one-on-one meeting with MiDA and ECG Manila Electric Company BXC Company Ghana Ltd Engie Energie Services The TATA Power Company Ltd CH Group 5 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 Bidders tour some ECG sites 6 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 Bidders tour some ECG sites 7 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 GHANA COMPACT II PRESENTED TO UK BUSINESS INVESTORS irector for Communication and Outreach discuss prospects in Ghana’s energy sector and at MiDA, Pamela Djamson –Tettey, has other investment opportunities. Her presenta- Dpresented the Ghana Power Compact tion highlighted challenges in Ghana’s power Programme to UK business investors at a two- sector which would be addressed through Pow- day UK-Ghana Trade Forum held in London. er Compact, as well as procurement opportuni- She was part of a Ghana Government delegation, ties therein. led by Hon. Yaw Osafo Maafo (Senior Minister) which visited the United Kingdom promoting Held from June 27 to 28 2017, the UK-Gha- investment opportunities in the various sectors na Trade Forum provided a platform for The of Ghana’s economy. UK-Ghana Chamber of Commerce (UKGCC) and its members to develop new trade pros- Mrs Djamson-Tettey joined Hon. Joseph Cud- pects and partnerships with Ghana. The forum joe (Deputy Energy Minister), Hon Joe Ghartey presented an opportunity for the participants to (Minister for Railway Development), Rt. Hon. also interact with high-ranking Ghanaian gov- The Lord Paul Boateng, Member of the British ernment officials, policy-shapers and prospec- House of Lords and other speakers including tive commercial partners on the economic and CEO of the Ghana National Petroleum Corpo- political prospects for both Ghana and the UK. ration, Dr. Kofi Koduah Sarpong on a panel to 8 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue 4 ENERGY EFFICIENCY CURRICULUM AUDIT WORKSHOP HELD IN KOFORIDUA takeholders from the Ministry of Edu- Junior High School and, Senior High School / cation, National Council for Curriculum TVET and identified reviews required to make Sand Assessment, Ghana Education Service the various educational levels responsive to the (GES), Energy Commission and Millennium De- educational needs on energy conversation and velopment Authority (MiDA), have met to re- efficient usage. view and discuss integrating energy efficiency and conservation learning into Ghana’s school The workshop is part of various activities un- curriculum. der the Energy Efficiency and Demand Side management project, one of six projects making The group gathered in Koforidua- from June 6 up the Ghana Power Compact Programme. The to 9, to identify how to get pupils and students Compact identifies energy efficiency and con- involved in energy efficiency and conservation servation as an important strategy towards ad- strategies thereby reducing Ghana’s energy dressing the perennial power challenges Ghana waste. The stakeholders audited four streams faces, and therefore leverages on the valuable of the Kindergarten syllabi, nine subjects for contributions schools and educational institu- both Primary and Junior High, 42 for Senior tions can make towards socialization and distri- High and 28 for Technical and Vocational Ed- bution of information about clean energy to the ucation and Training (TVET). The participants youth and their parents. worked in three groups namely KG/Primary, Participants at the energy efficiency curriculum audit workshop 9 Millennium Development Authority Quarterly Newsletter Vol. 1 Issue
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