In West Africa, Turkish powership manufacturer, Karadeniz Holding, has subsidised a Karpowership project through a Power Purchase Agreement (PPA) with the Electricity Company of Ghana.
The project dubbed: “Power of Friendship for Ghana” is the first Powership project in Africa and seeks to meet the electricity demand of Ghana.
The signing took place in June 2014 with the PPA estimated to provide 450MW directly to the country’s national grid.
Through the PPA the two powerships are expected to berth in Ghana in November this year.
The project is scheduled to supply the national grid with a total of 225MW by early December, reports ghanaweb.com
According to local media, the PPA with Karpowership is projected to boost the country’s economy saving between 100-1,200 million dollars annually.
Powerships to boost the economy
The powership will reduce high costs of power production with immediate savings on import fuel costs.
At a recently held workshop organised by Public Utility Regulatory Commission (PURC), the Head of Public Relations of the Ghana National Grid Company (GRIDCo), Albert Quainoo noted that the grid company is currently making all the essential arrangements including the construction of transmission lines for the arrival of the powership, at Tema Harbour station.
“Preparatory works in wait of the powership is far advanced; the ship itself is ready to sail to Ghana. Its engines have been fired and they are working perfectly.
“Arrangement for its coming has been fast-tracked; ECOBANK is also giving guarantee for the ship. A vessel to fuel it will be cited beside the powership. GNPC and Tranfigura will be doing the fueling,” Quainoo concluded.
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