URC

The Electricity Company of Ghana says the latest report by the Public Utilities Regulatory Commission (PURC) on the operations of the power distributor as they relate to the Cash Waterfall Mechanism (CWM), leaves much to be desired. In expressing disappointment with the PURC’s review of the CWM, ECG said in a statement issued Thursday that the report misrepresents key issues. According to the ECG, its fuel costs, crucial to maintaining operations, were inaccurately labelled as a “variance,” and while ECG has made significant progress, such as independently procuring fuel, it is framed negatively in the report. Additionally, ECG said the…