星期五, 25 7 月, 2025
Home PV Companies Abu Dhabi National Energy wins approval for power plant expansion

Abu Dhabi National Energy wins approval for power plant expansion

The Abu Dhabi National Energy Company has received approval from the Ghanaian government to expand the gas-fired Takoradi 2 (T2) power plant from 220MW to 330MW.

Construction will start this month and will be delivered by Mitsui & Co and KEPCO, under a $260m engineering, procurement and construction contract.

The expansion project has received project financing of $355m provided by World Bank Group member, the International Finance Corporation (IFC), and a consortium of international development finance institutions.

Volta River Authority (VRA), a Ghanaian utility, will buy the additional power output generated by the facility for a period of 20 years, under the terms of an existing off-take agreement.

The T2 power plant is owned by Takoradi International, a joint venture between Abu Dhabi National Energy subsidiary TAQA Generation International Operating Company, with a 90% stake. VRA has a 10% stake.

The expansion project will convert the existing plant to operate as a combined cycle power plant and is expected to reduce CO2 emissions in line with the government's initiative towards cleaner fuel.

Kweku Awotwi, VRA CEO, said: "The expansion is expected to save Ghana USD 30 million a year in fuel costs and will help ensure that the power generation capacity develops at a pace to meet Ghana's sustainable growth ambitions."

The expanded project is expected to be commissioned in 2015.

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