American water services company, AquaVenture Holdings, has acquired a majority stake in the Teshie Desalination Plant.

Abengoa, operators of the plant signed an agreement with AquaVenture Holdings to transfer 56 percent of its shares in the plant, worth about 26 million dollars.

The Teshie Desalination Plant was shut down in 2017 for a renegotiation of the contract with government, which is believed to be costing Ghana 6 million cedis monthly.