Armech Africa Limited, a subsidiary of the Armech Group, has signed a public private partnership agreement with the Electricity Company of Ghana to construct a $300 million waste-to-energy power plant.
The plant will be situated in the Tema region, and once in full operation will have the capacity to generate 60MW of clean energy.
According to GhanaWeb, the project will be pre-financed by the Armech Group via the Industrial and Commercial Bank of China, a Chinese Multinational Bank, without any Sovereign Guarantee from the Government of Ghana.
The construction will be done by Energy China, a global solutions provider for the power sector and infrastructural projects in China.
This was revealed by Armech Africa's COO, Andrew Quainoo, during a visit by a delegation of the Armech Group, after a two-day working tour of some selected landfill sites within the Greater Accra Region as part of preparations towards the construction of plant. Read more: SEFA grant transforms waste into power
“This project will represent the first waste-to-energy project in the Economic Community of West African States and there are plans to develop a second plant in Kumasi, the Ashanti Regional capital”, he said.
In March 2015, the firm signed a Waste Feedstock Agreement with the Ministry of Local Government and Rural Development together with six other metropolitan and municipal assemblies in the Greater Accra Region.
They include Accra and Tema Metropolitan assemblies, Ga South, Ga East and the La-Dade Kotopon Municipal assemblies.