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Gas fired power station expansion delivers 50% more electricity for Ghana

Ghana’s Takoradi 110MW simple cycle power plant has been expanded to a 330MW combined cycle thermal plant at a cost of US$356 million, including a US$15 million loan from EAIF.

June 2012

TAQA

Ghana
Ghana
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 356m
EAIF: US$ 15m

Building new electricity generating capacity is essential to Ghana’s economic progress. Takoradi now produces 15% of all Ghana’s electricity and has the capacity to supply a million people. The technology employed has cut generating costs, involved no additional fuel and produced no additional emissions.

Output is up by 50% and the project has reduced Ghana’s reliance on hydro power, which is rainfall dependant. The project is a joint venture between private-sector company, TAQA, which holds 90% of the stock in the venture and The Volta River Authority with 10%.

Applying for project support

If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.

EAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from  financial advisers and specilaist consultants.