Daniel McKorley Salt company fingered in electricity theft

Electrochem Ghana Limited, a salt mining company owned by Ghanaian multimillionaire logistics tycoon Daniel McKorley, has been disconnected from the national power grid by the Electricity Company of Ghana (ECG) task force in the Tema region over alleged electricity theft.

According to information disclosed by ECG External Communications Manager Laila Abubakari in a press statement, the meters installed at the company’s location have been tampered with.

“It has come to light that ECG meter readers have been denied entry to gain access to the meter installed in their premises,” she said.

ECG has been embarking on a massive disconnection operation since March 20 in an attempt to collect more than $480 million in debt owed by major Ghanaian companies and private households.

ECG has been demanding payment from its customers or threatening to cut them off the grid.

The company warns that it may be forced to cease operations if they are unable to settle a $1 billion debt owed to some Independent Power Producers (IPP), hence the revenue mobilization initiative.

Electrochem Ghana Limited is a subsidiary company of McDan Group, the conglomerate owned by McKorley, one of the richest men in Ghana. The company has a concession of 41,000 acres at Ada Songor to produce 1 million metric tonnes of salt per annum to supply to local and export markets.

Other companies in McDan Group’s portfolio include McDan Shipping, McDan Aviation, and construction company Q3 Limited.