An international arbitration seated in London on Tuesday (4 November) ruled in favour of the Electricity Company of Ghana (ECG), dismissing all claims by Power Distribution Services Ghana Limited (PDS) related to the termination of a major power concession.
The dispute, which had been before the tribunal for nearly three years, stemmed from PDS’s contention that ECG wrongfully terminated the Lease and Assignment Agreement (LAA) and the Bulk Supply Agreement (BSA) signed in July 2018.