Amandi Energy reaches FC and begins construction of its 200 MW power plant in Aboadze

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Amandi Energy reaches FC and begins construction of its 200 MW power plant in Aboadze

Amandi Energy Limited has reached financial close and begun construction of a 200MW combined cycle, dual-fuel power project in Aboadze, Ghana. At a total project cost of US$552 million, Amandi is the only large scale base-load independent power generation project in sub-Saharan Africa to achieve financial close to date in 2016.

Amandi Energy was founded by a consortium of developers with extensive experience of doing business in Ghana and elsewhere in sub-Saharan Africa. For the Amandi Project, Aldwych partnered with the Amandi Founder Group, in conjunction with the majority owner of the project Endeavor Energy, an independent power company backed by global private equity firm Denham Capital. Aldwych in turn brought in the Pan African Infrastructure Development Fund 2, sister fund to Aldwych’s major shareholder, as an investor in the project. 

Aldwych will take a prominent role in construction management and operation and maintenance for the plant.  The project has already started construction and first power is expected in 2018. 

Helen Tarnoy, Managing Director of Aldwych, said

“At Aldwych we are proud to have closed our third major project in three years, following our successes with Lake Turkana and Azura. We are delighted to have been part of the development of the Amandi project and congratulate all parties on their commitment to achieving this long-awaited goal.  We look forward to fruitful cooperation with the Government of Ghana to becoming a trusted and valued member of the community in Aboadze.”

Maria Stratonova, the Amandi Project Director, added

“We are happy to see Amandi start construction. The project is based on the advanced GE technology, the 9E.04 gas turbine, and will be constructed by the GE and Metka consortium. Aldwych looks forward to continuing the productive relationship with the GE and Metka consortium during construction and operation of the Amandi project.”

List of country news

Country news

  • October 27, 2016

    PPA signed for 400 MW greenfield Bridge Power project

    Early Power consortium, formed by Africa-based Endeavor Energy, Sage and General Electric, has signed a 20-year power purchase agreement (PPA) with the Electricity Corporation of Ghana (ECG) for the 400 MW greenfield Bridge Power project. Read more
  • May 26, 2016

    USTDA provides Technical Assistance for solar power project in Ghana

    U.S. Trade and Development Agency (USTDA) has awarded an U$704,815 grant to Home Energy Africa Limited, a Ghanaian solar power developer, for technical assistance that will help bring a 100-megawatt solar power photovoltaic (PV) project in the village of Nyimbale-Sankana, Ghana towards financial close. Read more
  • October 02, 2015

    Tender launched for the concession of Ghana electricity management and investments

    The Government of Ghana (GoG) is inviting private sector participation into the management, operation of, and investments in the Electricity Company of Ghana (ECG) through a long-term concession over ECG’s distribution business. Read more
  • August 01, 2014

    Standard Chartered more than doubles its commitment to Power Africa to $5 billion

    Standard Chartered is more than doubling its commitment to ‘Power Africa’ by increasing its pledge from US$2 billion to US$5 billion, after reaching its initial commitment in 12 months. Read more
  • August 07, 2014

    Quantum Pacific and Golar LNG to build Ghana LNG Terminal

    Quantum Power Ghana Gas, a subsidiary of Quantum Pacific, has signed an agreement with Golar LNG to build a liquefied natural gas import terminal in Ghana. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.