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Strong boost is coming the way of Ghana electricity sector following new deal sealed with a consortium of investors led by Early Power Ltd., to deliver a 400MW power plant known as Bridge Power for Ghana.
The plant valued at $900 million on completion will be powered by LPG, making it the first in Africa and the largest in the world.
Business Hilights Ghana Bureau chief reports that the sod for the project which was cut on April 27, 2017, heralded the first phase of the scheme.
Additional details show that the plant is expected to produce first power by end of September 2019.
In his remarks, Managing Director of Endeavor Energy, Mr. Steve Jernigan, said the first plant will produce 140MW of power before the end of third quarter of this year.
Endeavor Energy is an independent power development company focused on Africa, and Sage, a Ghanaian company and General Electric had on Monday January 28, 2019 unveiled five GE TM2500 turbines worth $70 million at the project site for the phase one development as Metka Engineering has begun construction work on the project.
In his address, the Hungarian Ambassador to Ghana, Andreas Szabo, revealed that that the turbines which were manufactured in Hungary are also being financed by the Hungary Export Import Bank.
Earlier in his submissions, the chief executive of GE Power sub-Saharan Africa, Mr. Elisee Sezan, recalled that the company has so far contributed to projects providing 600MW of power to Ghana and has invested $23 million in Ghana’s energy schemes in the last 10 years.
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