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Ghana Commissions $1.2 Billion Bridge Power Project, Boosting Energy Security

Posted 06:48 AM, Friday November 22, 2024 2 min(s) read

Jedidah Ephraim

Photo by: Jedidah Ephraim


KPONE, Ghana, Nov. 22 (AGCNewsNet) – Ghana has marked a significant milestone in its energy sector with the commissioning of the $1.2 billion Ghana Bridge Power Project, the largest combined-cycle power plant in the country. President Nana Addo Dankwa Akufo-Addo inaugurated the facility, which is set to enhance Ghana’s power generation capacity and contribute more than 7% to the nation’s dependable thermal energy supply.

The plant, located in the Kpone Heavy Industrial Area, will generate up to 515 megawatts (MW) of power upon completion of all stages, addressing the country’s increasing demand for electricity to support industrial and residential needs.

“This project is a testament to Ghana’s commitment to energy efficiency and sustainability,” President Akufo-Addo said during the commissioning ceremony.

The Bridge Power Project features cutting-edge technology, including five General Electric (GE) Vernova TM2500 aeroderivative gas turbines, a steam turbine, and a Heat Recovery Steam Generator (HRSG). This combined-cycle configuration can produce 50% more electricity from the same amount of fuel compared to traditional plants, significantly improving fuel efficiency and reducing emissions.

“This marks the first global use of trailer-mounted aeroderivative gas turbines in a combined-cycle configuration,” said an official from GE Vernova.

The plant’s Stage 1, now operational, delivers 200MW of power and was constructed by Metlen, formerly known as Power Projects Sanayi Insaat Ticaret Limited Sirketi (Metka). Stage 2, with an additional capacity of up to 315MW, is slated for completion in 2029.

The project is owned and developed by Endeavor Energy, a U.S.-based independent power producer, and Andaris Energy Limited, a Ghanaian energy investment firm. Endeavor Energy has invested over $1.2 billion in Ghana’s energy sector, including the Amandi Power Plant in Takoradi.

The power generated will be sold to the Electricity Company of Ghana (ECG) under a 25-year Power Purchase Agreement (PPA) backed by a Put Call Option Agreement (PCOA) with the Ghanaian government. This innovative financing arrangement ensures risk mitigation for stakeholders.

The project incorporates GE Vernova’s 25-year service agreement and cloud-based Asset Performance Management (APM) software. These tools enhance the reliability and operational efficiency of the turbines, supporting Ghana’s long-term energy needs.

“This project represents a significant step toward addressing Ghana’s energy challenges while reducing its carbon footprint,” said Endeavor Energy CEO Sean Long.

The Bridge Power Project underscores Ghana’s ambitions for sustainable and innovative energy solutions, reinforcing the nation’s role as a leader in Africa’s energy transition.

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