15 January 2009 – A US$900 million thermal power plant with a capacity of 660MW is set to benefit the citizens of Ghana, it was announced at a press conference in December 2008.
The projects follows the signing of a power purchase agreement between the Canadian Energy Solutions Consortium Inc. (CESCI), the Ministry of Energy and the Electricity Company of Ghana (ECG) in May 2008 for the former to build, own and operate the 660mw natural gas-fired thermal generation plant.
Construction is estimated to last three years and financing will be provided by a number of international development and commercial banks and investors.
According to Jim Mensah, CEO of CESCI, the project is long overdue. He further said he was hopeful that current financial crisis facing the world would not adversely affect financing for the project. An environmental impact assessment has already been undertaken Mensah revealed and CESCI was convinced there would be no adverse environmental effects from the project.
The plant will be located at Barikuma, 13 miles from the regional capital of Kumasi. The site is near the Ofin River which will be the source of make-up water for the heat recovery steam generator and other water requirement for the facility. The site is also conveniently located between two main transmission lines.
Ghana produces some 1 759MW of power, but has seen growth of 200% in demand over the last 40 years. With demand averaging 7% a year, it is estimated demand could reach 5 000MW within the next ten years.