Here are the Ghanaian businessmen who own 51% shares in the Power Distribution Services

On Tuesday (July 30, 2019) the government suspended the concession agreement with Power Distribution Services (PDS), bringing back the Electricity Company of Ghana (ECG) to be in full control of power distribution.

Some of the people having shares in the Power Distribution Services

The government explained that the decision followed the “detection of fundamental and material breaches of PDS’ obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which has been discovered upon further due diligence.”

After the news broke, Ghanaians have been speculating on the composition and credibility of the Ghanaian local consortium holding 51% of the shares in the Power Distribution Services (PDS) Ghana Limited.

Some have suggested that a group of barbers at Osu in Accra are the ones behind it.

Who are behind PDS?

According to Graphic Online, the Ghanaian local consortium holding the 51% of the shares in PDS are TG Energy Solutions Limited (TG), a lead local consortium sponsor with 18%, Santa Baron Ventures Limited (Santa), a local technical lead with 13%, GTS Engineering Services Limited (GTS), a local financial lead with 10% and TBK Ghana Limited (TBK), a local financial sponsor also with 10%.

These companies are owned by the people below:

Philip Asare Kwame Ayesu (Chairman)

Kwabena Boateng Aidoo

Kwame Ofosu Bamfo

Mike Twum Barimah

The remaining 49% shares are for two foreign companies, Manila Electric Company Limited (Meralco), a Filipino company with 30% shares and Aenergia, an Angolan company with 19% shares.

The two foreign companies are the Technical Lead for the Consortium and by extension PDS, Graphic Online understands.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Amazing transformation of 21-year-old man bullied for being born different (video)

Amazing transformation of 21-year-old man bullied for being born different (video)

Abel Mutua's movie makes over Sh4M in 5 days

Abel Mutua's movie makes over Sh4M in 5 days

Sh79,000 per month jobs for Kenyans without degrees

Sh79,000 per month jobs for Kenyans without degrees

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

5 things you should never do to please a woman

5 things you should never do to please a woman

British MP claims she didn't know her flat was owned by the Kenyatta family

British MP claims she didn't know her flat was owned by the Kenyatta family

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Tiwa Savage breaks silence after her raunchy tape leaked online [Screenshot]

Tiwa Savage breaks silence after her raunchy tape leaked online [Screenshot]

Diamond Platnumz splashes Sh5.2 Million on new Gold & Diamonds Chain [Video]

Diamond Platnumz splashes Sh5.2 Million on new Gold & Diamonds Chain [Video]