A London-based arbitration tribunal has issued a decisive ruling in a long-standing dispute between the Electricity Company of Ghana (ECG) and Power Distribution Services Ghana Ltd. (PDS), substantially rejecting PDS's claim for compensation. The tribunal, after nearly three years of proceedings, found in favour of ECG, dismissing PDS's claim which reportedly totalled around US$390 million, stemming from the termination of its management contract with ECG.

This ruling brings a definitive end to the protracted legal battle, with the Government of Ghana and ECG welcoming the outcome. They view the decision as a vindication of the country’s oversight mechanisms within the power sector, highlighting the importance of robust governance in managing national utilities.

Power Distribution Services Ghana Limited (PDS), in response to the tribunal's decision, acknowledged the ruling and confirmed that its legal team is meticulously reviewing the detailed decision to determine the company's next steps. PDS expressed its respect for the integrity of the arbitration process, underscoring its commitment to due legal procedures.

Despite the outcome, PDS reaffirmed its pride in its contributions to Ghana’s power sector during its management period. The company highlighted the significant operational and systems improvements it introduced, which it believes positively impacted the national electricity distribution network. PDS also commended the Government of Ghana and ECG for their continuous efforts to strengthen the energy sector, reiterating its firm belief in the crucial role of public-private partnerships for achieving sustainable national development.

The company extended its gratitude to its staff, partners, and stakeholders for their professionalism and unwavering support throughout the arbitration process. PDS concluded by reaffirming its commitment to supporting Ghana’s long-term energy growth and fostering collaboration with key players within the sector, despite the termination of the initial management contract.