The Electricity Company of Ghana (ECG) has terminated the contracts of 202 companies that provide services to it, but whose activities were adversely affecting its operations.

The companies were part of 347 others whose contracts were audited and identified to be underperforming and creating inefficiencies.

The termination of the contracts has, thus, released the ECG from potential liabilities exceeding $227 million.

In addition, the ECG has also renegotiated its contract with Hubtel, with a contracted scope of work and a downward revision of its commission from three per cent to 1.65 per cent.

Hubtel provides some services to the ECG, including the use of the power app, and serves as a bill processing interface for the power distribution company.

The amendments were, thus, made to the initial contract.