General Electric Co., Endeavor Energy Resources LP and Sage Petroleum Ltd. won approval from Ghanaian lawmakers for the construction of the world’s largest liquefied petroleum gas fired power plant and a 20-year purchase agreement with the nation’s electricity distribution utility.
The Early Power consortium will develop the 400 megawatt Bridge Power venture in two phases to start producing 144 megawatt for the Electricity Corporation of Ghana by the middle of next year, Endeavor said on Oct. 25.
The plant will be built in the port city of Tema, about 16 miles east of the capital, Accra.
“When completed, it will be the largest LPG gas fired power plant in the world,” Endeavor said. The plant will be “capable of being fueled by natural gas and diesel” as well.
Ghana is seeking to double its installed capacity of about 2,800 megawatts by 2020 as power shortages weigh on economic growth.
Electricity demand in the West African nation is growing at about 12% year, President John Dramani Mahama.
The cost of the project’s development and construction will be paid in full through the equity invested and debt raised by the venture, Endeavor said, without elaborating further.
By Ekow Dontoh and Baudelaire Mieu