Synergy Consulting Appointed as Financial Advisor to Power Distribution Services Ghana

  • Synergy Consulting is appointed as Financial Advisor to Power Distribution Services Ghana (PDS). PDS has been selected through a competitive procurement process managed by Millennium Development Authority (MIDA) to take over the distribution business of the Ghanian state utility, the Electricity Company of Ghana (ECG).
  • Synergy has partnered with Richard Arkutu. Richard comes with a strong financing experience in Africa having associated with IFC and Citibank for almost 20 years.
  • PDS aims to increase the quality of service, improve operational and cost efficiency through investments and use of best practices and state of the art processes and techniques. PDS also aims to connect and serve new customers and expand ECG’s network capacity.
  • Synergy mandate includes
    • Structuring the transaction
    • Leading all negotiations with partners and lenders to raise all the required debt & other financial instruments for the project
    • Coordination with client for appointment of all advisors supporting in the transaction

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