President Nana Akufo-Addo on Thursday cut the sod for the commencement of construction of the 400-MegaWatt Bridge Power project, the world’s largest LPG-fired power plant.
At the ground-breaking ceremony President Akufo-Addo noted that the $1 billion project aligned with government’s vision of making Ghana self-sufficient in electricity for industrial and domestic use.
This project, the President revealed, would be one of his government’s several initiatives that will be introduced along the power supply value chain in order to achieve a cost-effective, efficient and sustainable energy sector.
“I am also glad to note that the project has been specifically designed to switch to Ghana’s own natural gas, once available. This should help advance our strategy to leverage natural gas as a long-term source of fuel, central to the operation of the power sector,” he added.
President Akufo-Addo also indicated he was looking forward to working with Early Power Limited to help his government fulfill its vision of creating a modern, efficient, diversified, and financially sustainable energy economy.
“I intend to grow this economy industrially, and that can be achieved when we have adequate, cost effective and sustainable power supply. The programmes this government has lined up to undertake, such as the ‘One District, One Factory’, and the ‘One Village One Dam’ projects, will all require significant amounts of electricity.
The power produced in this country must be cost effective, efficient and sustainable. I am informed that the technology of this Early Power project is one of the most efficient types in the world, and we are happy you chose it for Ghana,” he said.
As stated in the State of the Nation Address, President Akufo-Addo indicated that his government has commenced actions that will improve transparency in tariff setting, adding that “we aim to introduce very soon a new tariff policy that will reclassify consumer categories in order to protect lifeline and strategic industrial consumers.”
The President also assured the private producers of this project that Ghana will be a great place to do business under his watch, indicating further that the sector ministers will work with the private producers to address any challenges that may arise during the implementation of the project.
About Bridge Power
Bridge Power is a 400 Megawatt (MW) greenfield power and liquefied petroleum gas (LPG) import, storage, and transportation infrastructure project that will be located in Tema near the Tema Oil Refinery (TOR). The project will be capable of being fueled by LPG, natural gas, and diesel.
Stage 1 will use five GE TM2500+ gas turbines and one purpose-built GE steam turbine in a combined-cycle gas turbine (CCGT) configuration that will collectively generate 200 MW of power. Stage 2 will add another 200 MW through four GE LM6000 gas turbines and one purpose-built GE steam turbine, again in a CCGT configuration. Together, this will amount to over 17 percent of Ghana’s reliable generation capacity.
Bridge Power is being developed by the Early Power Limited (EPL) consortium, made up of Endeavor Energy, a leading independent power development and generation company focused on Africa; Sage, a leading independent Ghanaian energy trading firm; and GE (General Electric), the world’s premier digital industrial company.
Published on 27 April 2017 | 6:41 pm at Source