Siemens has signed a Memorandum of Understanding (MOU) with Rotan Power to build a power plant in Ghana. Under this MOU, the two companies will develop the combined cycle power plant with a capacity of 660 megawatts (MW) at the Aboadze Power Enclave located in the western region of the country.
The plant, which will be built in two phases is aimed at helping Ghana meet its industrialization needs and will be the most efficient and environmentally friendly thermal plants, setting new standards in sub-Saharan Africa.
Commercial operations date of the first phase is scheduled for 2023 with the second phase scheduled for 2025. The German Export Credit Agency and Euler Hermes are set to provide financing for the project, which would be the largest plant in Ghana.
“This project underlines the strategic partnership between Germany and Ghana and underpins the engagement of Siemens as leading global technology company in Africa. Together we will provide electricity to more than five million Ghanaians unlocking the economic potential by using power as a catalyst for socio-economic development.”Sabine Dall’Omo, CEO of Siemens Sub-Saharan Africa, says.
Siemens will be responsible for the entire EPC turnkey scope as well as provide Operation and Maintenance for 20 years.
Commenting on the partnership, Chairman of Rotan Power, Mr. Kofi Morna says this was the first F-Class turbine in sub-Saharan Africa with the lowest generation cost among thermal power producers in Ghana. ‘’Together with Siemens we will power the country and further improve access to electricity for our population. Furthermore, the partnership will enable us to leverage skills transfer and training for Ghanaians,” he said.
