Petroleum Africa
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Friday, January 30, 2015
GE and Endeavor Energy, co-leaders of the Ghana 1000 project, and their consortium partners Eranove and Sage Petroleum, have signed an agreement with Excelerate Energy for the reservation of an FSRU that will provide storage and regasification of liquefied natural gas (LNG) for the Ghana 1000, a 1,300- MW power plant that will be located in Aboadze in the Western Region of Ghana.
The first phase of the Ghana 1,000 project is expected to be completed in late 2016 and will add 125 MW to the grid. This will increase to 750 MW by 2018 and 1,300 MW within five years. The Ghanaian government is committed to creating an enabling environment and regulatory frameworks that will help the project sponsors add power quickly to the national grid.
“Partnering with Excelerate Energy illustrates the remarkable progress made by the Ghana 1000 consortium, and once complete, it’ll deliver much-needed power to the people of Ghana,” said Leslie Nelson, GE Ghana CEO. ”We’re partnering with the right stakeholders to offer innovative solutions that will ultimately reduce the cost of power to the final consumer.”
Ghana 1000’s FSRU will have additional capacity to allow other power generators to shift from liquid fuels to LNG for power generation, which could save Ghana up to $1 billion per year.
Excelerate has capabilities to regasify 500 million standard cubic feet of LNG, enough gas to power approximately 3,000 MW.
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