The Government of Ghana under specific enabling policy has initiated an agreement with the Millennium Challenge Corporation (MCC), a United States Corporation.
Ghana Power COMPACT agreement mandates introduction of private sector participation in the state owned electricity corporation of Ghana.
The policy intention taken together is to improve and reduce implicit subsidies from the national treasury and to ensure the national electricity distributor is sustainable and credit worthy.
Emerald Power Company (EPG) is a special purpose venture which has been formed in 2017, and has no other purpose other than an entity structured to participate in the Power COMPACT private sector participation.
Promoter of the Project
Emerald Power Group (EPG) is the project sponsor and promoter which until the present has been funded by its private shareholders. EPG's existing structure is designed and organized in line with project demand. Organizational structure revolves around Project Sponsors, The Technical Team, The Financial Team and Onsite Work Unit.
Presently EPG operates under the management and control of the Sponsors. Not only does the Core technical and management team have in-depth and proven experience in the power and energy sector in Ghana and internationally, we have travelled to almost every critical installation and infrastructure of ECG; we have first hand knowledge of the the people, the systems and the culture of Electricity Corporation of Ghana from the west, east, north and south of Ghana.
What Do We Offer?
What Do We Want?
Emerald Power Group presents rock-solid local knowledge, credible and proven local technical industry expertise, well-established local relations, and convincing ability to be a “ONE STOP SHOP” to the potential partner and a successful bid.
EPG seeks to foster Partnership with an existing pre-qualified company under Ghana Power Compact Private sector participation.
The sponsors of Emerald Power Group have decades of experience in power systems modelling and analysis, power markets analysis, and related issues.
In the United States and West Africa, the spnsors have served as lead advisors for major utilities, developers, financing agencies and market operators on issues such as power market reliability assessment, electricity market redesign and restructuring, transmission system transfer capability assessment, resource adequacy and due diligence and valuation in power markets.
Members in Emerald Power Group possess unique as well as unparalleled experiences in its ability to both provide the diagnostics, as well as the management and implementation of solutions required to improve the performance of any electric distribution utility in Africa. In this regard, EPG could provide comprehensive tools of affiliated corporate resources that are currently providing goods and services for electric distribution utilities in Africa.
As a matter of fact, members in EPG’s team have performed and provided reliability studies for Ghana’s own distribution company, the Electricity Company of Ghana. These inherent value, resources, knowledge and experience means that EPG is uniquely positioned not only to provide local representation and diagnostics required to prioritize the implementation of necessary solutions, but also the knowledge and experience required to complement our partner’s effort.
EPG duly provides the critical local link that would be necessary for such multi-dimension, multi-cultural processes.
Our sponsors have a long-standing, proven record in the areas of:
- Modeling and Forecasting- Market Design and Operations- Utility Business Operations- System Design and Analysis
Where We Are:
28/8b 5th Circular Road
+233-557 000 344
design by dinnie
Francis Quartey - Principal
Francis Quartey is an electrical engineer and an entrepreneur, successfully founding a number of companies in Ghana, USA and in Nigeria. He founded IDN (Intercom Data Network Inc.), an international long distance telecom company and internet access provider services company in Ghana, Nigeria and USA. Francis has spent well over twenty years in technology and communications sectors in the USA and Ghana, establishing business development, strategic planning, and serving as Chief Executive Officer until the company was successfully sold in the year 2009. He is the co-founder and president (past) of the Ghana Internet Providers Association.
Mr. Quartey has co-founded a successful real estate investment and development company, Elnental Properties, which has evolved into Emerald Properties Ghana - presently, one of the premium and most successful real estate developers in Ghana.
Mr. Quartey is the co-founder and chairman of the board of Veteran Group of Companies - A fledging Global Logistics and US Defense bulk fuel and energy contractor. He also serves on the board of Citi FM (97.3 Mhz) in Ghana.
Francis has played an advisory role in the following companies: Fidelity Investment Fund-advised the company in transactional acquisition of a national lottery system; he advised the Social Security and National Investment Trust (SNNIT) on acquisition of a nationwide lottery system. Mr. Quartey has advised Visa Fone Mobile Company (Nigeria), and has provided technical advise on prospective acquisition of a major telephone (mobile) in Ghana.
Among other achievements, Mr. Quartey is regarded as a Pioneer in communication and technology in Africa. Listed in the Newsweek International Magazine (August 2005) as one of “the shining stars leader in Africa; Listed in Computer & Telecommunication Magazine in Africa as “Ghana’s IT innovator.” Listed in international Linux Magazine as “Veteran in Communications.”
Kojo S. Ofori-Atta - Principal
Mr. Ofori-Atta is an internationally recognized Power Systems expert and brings over 25 years’ experience working in the US and Ghana energy sectors. His expertise is in power systems and power markets; from modeling, engineering design, consulting, trading and market design. He has published, advised and spoken publicly on power market development and has submitted expert testimony before several regulatory agencies. Selected publication includes “Profiting from Transmission Investment – A holistic approach to cost/benefit analysis”, Public Utilities Fortnightly October 2004.Mr. Ofori-Atta set up and run a transmission practice for one of the Leading US consulting firms from 1999-2006 serving as Vice President. He served as Director at Merrill Lynch (USA) for seven years, responsible for Financial Transmission Rights (FTR) trading for the Pennsylvania-Jersey-Maryland (PJM) and Midwest ISO (MISO) markets, the largest electricity markets in the United States. Mr. Ofori-Atta is a Founder and a Director of Power Systems Energy Consulting (PSEC), www.psecglobal.com and has provided market assessments and performed power systems modeling for all the major US utilities. He has provided advisory services to major institutions in the Ghana electricity sector, including Ghana Grid Company (GRIDCo), the Electricity Company of Ghana (ECG); and the Public Utilities Regulatory Commission (PURC).Mr. Ofori-Atta is also a Founder and Director of SSESCO and POWEREX, both proprietary power trading outfits that trade the US power markets.Mr. Ofori-Atta is an alumnus of Massachusetts Institute of Technology, Cambridge, MAHe is a member of the Ghana G-REAP Project.