ENGIE and eleQtra sign wind project deal in Ghana worth 120 million dollars
ENGIE and eleQtra a developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana.
The project is expected to require an investment of approximately $120 million and to start operations early 2019. ENGIE will enter as a 40% partner in the project.
The Ada Wind power project is located in the eastern part of the Greater Accra region. The combination of strong wind resources, availability of open land and good access to transmission infrastructure make this an excellent location. The project was initiated by eleQtra Limited. Initial studies have already been completed and demonstrate the project’s viability.
The Ada Wind project will contribute to the Ghanaian Government’s objective of generating 10% of its electricity from renewable resources. It is also in line with Ghana’s ambition to become a power generation hub in West Africa with the benefit of exporting power to its neighbours in the West African Power Pool.
eleQtra Partner Ebbe Hamilton said:“eleQtra is delighted to have ENGIE joining the development of what we believe will be the first wind energy project in Ghana. We will now start the next phase of the development in order to bring the project as soon as possible into operation.”
Philippe Miquel, Regional Manager Western & Central Africa for ENGIE said: “The Ghanaian Government is looking to strengthen its renewable energy industry and is putting in place a regulatory framework that should encourage the electrification of the country in an affordable and sustainable manner.
The Ada Wind Project will be instrumental in the diversification of Ghana’s energy portfolio. Our partnership will bring the technical experience, the local knowledge and the funding required to develop, construct and deliver this competitive 50 MW wind project.”
Source: Africafeeds.com / Fred Dzakpata