The pair has signed a memorandum of understanding (MoU) to develop and build a combined cycle power plant with a capacity of 660MW at the Aboadze Power Enclave, located in the western region.
The MoU was signed today in the presence of Brigitte Zypries, the German Federal Minister of Economics and Energy, as well as the Ghanaian deputy president, Dr. Mahamudu Bawumia.
According to a joint press release, the plant will be the most efficient and environmentally friendly thermal plants, setting new standards in sub Saharan Africa. Read more…
It will be built in two phases, with commercial operations date of the first phase scheduled for 2023 with the second phase scheduled for 2025.
The German Export Credit Agency and Euler Hermes are set to provide financing for the project, which would be the largest plant in Ghana.
Boosting Ghana’s energy supply
Commenting on the development, CEO of Siemens sub-Saharan Africa, Sabine Dall’Omo, said: “This project underlines the strategic partnership between Germany and Ghana and underpins the engagement of Siemens as leading global technology company in Africa.
“Together we will provide electricity to more than five million Ghanaians unlocking the economic potential by using power as a catalyst for socio-economic development.”
Siemens is responsible for the entire EPC turnkey scope, additionally will provide Operation and Maintenance for 20 years.
Also commenting was the chairman of Rotan Power, Kofi Morna, who said: “Rotan is delighted to partner with Siemens in deploying the first F-Class turbine in sub Saharan Africa with the lowest generation cost among thermal power producers in Ghana.”
Featured image: Stock