Power Distribution Services (PDS) says it has done nothing illegal in its transactions and is thus ready to fully cooperate with the government in its investigations to help find an early resolution to the dispute that has led the suspension of the power distribution concession agreement in the interest of the country.
PDS insisted that it had acted in good faith and had not engaged in any ‘fraudulent’ deal as Ghanaians had been made to believe and was thus ready to clear its name.
Reacting to the issues for the first time since the controversy came up following a terse statement that was issued last week, Chairman of PDS, Philip Ayesu, welcomed government’s proposed 30-day investigation into the issues, saying it would help the country clear its name of any wrongdoing.
As part of its commitment to resolve the impasse, PDS has also given an assurance that it will cooperate with all stakeholders in ensuring that power supply is not interrupted, pending the determination of the issues relating to the insurance company, AlKoot’s fraud claim made to the Electricity Company of Ghana (ECG), the Energy Commission’s alleged “unlawful acts” and restoration of normalcy as provided by the three Concession Agreements relating to the PDS Concession.
PDS has not done anything illegal and the investigations will help us clear our name,” Mr Ayesu stressed in an interview with the Daily Graphic newspaper.
He said he was optimistic that the commitment being shown by PDS would assist the government in the early resolution of the dispute.
The PDS Board chairman further indicated that the board had held an emergency meeting to discuss its plan and what it could do to ensure that there was a quick resolution of the issue.
Mr Ayesu expressed the opinion that someone from the ECG had been trying to use AlKoot to mislead the government and was, therefore, of the belief that the truth and the facts would all be known when the investigations were completed.
“Whoever gave the government that hint or information schemed to procure a 16 th July, 2019 letter from AlKoot, alleging that it had no relationship with PDS and that the Demand Guarantees presented by PDS were fake; did not exist as they were obtained by fraud, and was not signed by an authorised person,” he said.
Per Mr Ayesu’s explanation, it was strange that the said letter was not copied to PDS or the brokers of AlKoot, […]