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Saturday, May 10, 2014
GE, Endeavor Energy, and Finagestion signed a Joint Development Agreement (JDA) to develop and implement the “Ghana 1000 Project.” When complete, this innovative integrated gas-to-power project will deliver more than 1,000 MW of electricity to Ghana’s national power grid.
The Ghana 1000 Project will be located in Western Ghana, combining the importation of LNG, a dedicated FRSU to receive, store and regas, while associated infrastructure will transport natural gas on-shore to advanced GE turbines to generate efficient, clean power.
The project consortium is a purely private sector, IPP initiative with zero direct financial contribution from the government. The government’s role has to been to create an enabling environment and regulatory framework to allow the project partners to fast-track the addition of critically needed power to the national grid. The Government will also facilitate a long-term agreement with the Electricity Company of Ghana (ECG) and potentially other power offtakers of the purchase of power from the project. Ghana presently has installed generation capacity of 2,412 MW and dependable generation capacity of 2,125 MW.
The first phase of the project is expected to begin delivering power by early 2017, initially producing 360 MW in simple cycle mode. When completed in early 2018, it will generate more than 540 MW in combined cycle mode. The second and final phase of the Project is expected to be implemented before 2019. The combined completion of all these phases will create one of the largest single Power Parks in sub-Saharan Africa generating in excess of 1,100 MW of power.
An integral part of the project will be the importation of LNG to use as a dedicated fuel source. The consortium partners are currently exploring options with a number of international suppliers. They are also in discussions with a Ghanaian trading company to handle the management and logistics of importing LNG for the project.
Endeavor Energy, an Africa-focused developer and operator of thermal and hydroelectric power projects will together with GE co-lead the development of the project.
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