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.
The financial close is scheduled to be reached by December this year. The project will be structured in two phases, a 194 MW in Phase 1 and 206 MW in Phase 2 in the coastal city of Tema.
GE, acting also as technology provider for the project, will provide nine gas turbines and two purpose built GE steam turbines in two separate combined cycle gas turbine (CCGT) configurations. Each of the nine gas turbines can operate independently, allowing ECG to more efficiently match supply to actual demand.
According to sources, Endeavor CEO Sean Long said:
“Bridge Power is a first of its kind in Ghana. We’ve customised the project to provide quick and reliable energy production for Ghanaians in order to assist Ghana’s economic growth and create jobs.
Our understanding of Ghana’s long-term vision for its power sector is built on having reliable and diversified energy. Bridge Power checks all those boxes.”
Country news
-
-
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 -
September 01, 2014
Santerre Limited to develop a 200 MW thermal power plant in Ghana
Santerre Limited has entered into an agreement to finance and develop a 200 MW combined-cycle thermal power plant in Ghana as an independent power producer (IPP). Read more
