- Memorandum of Understanding for combined cycle power plant with a capacity of 660 megawatts
- Total investment volume of more than US$500million
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) at the Aboadze Power Enclave located in the Western Region.
The MoU was signed in the presence of vice president Dr. Mahamudu Bawumia and Brigitte Zypries, the German Federal Minister of Economics and Energy. The plant will be the most efficient and environmentally-friendly thermal plant, setting new standards in sub-Saharan Africa. It will be built in two phases, with the commercial operation 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 will be the largest plant in Ghana.
CEO of Siemens sub-Saharan Africa, Sabine Dall’ Omo says: “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 says: “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.