Siemens, Rotan sign MoU for 660mw power plant in Ghana

Siemens and Rotan Power have signed a memorandum of understanding (MoU) to develop and build a combined cycle power plant with a capacity of 660 megawatts (MW) in Ghana.
The project with a total investment volume of about $500 million is to be located at the Aboadze Power Enclave located in the western region of the country.

The MoU for the project aimed at helping Ghana meet its industrialization targets, was signed on Thursday in the presence of Brigitte Zypries, the German Federal Minister of Economics and Energy, and the Ghanaian deputy president, Dr. Mahamudu Bawumia.

When completed, the plant is expected be the most efficient and environmentally friendly thermal plants in sub Saharan Africa.

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According to the agreement, it will be built in two phases, with commercial operations date of the first phase 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.

CEO of Siemens Sub-Saharan Africa, Sabine Dall’Omo said: “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.”

Chairman of Rotan Power, Mr. Kofi Morna said: “Rotan is delighted to partner with Siemens in deploying 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.”

Siemens is responsible for the entire EPC turnkey scope. In addition Siemens – will provide Operation and Maintenance for 20 years.

 

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