Chinese company plans $4bn investment on Renewable Energy Projects in Ghana

Google+ Pinterest LinkedIn Tumblr +

Good news for Ghana’s power module sector as PowerChina International Group Ltd. is ready to bring in a huge investment of US $4 billion.

The project will begin by the next year with its first phase featuring the construction of 200 MW solar power panel. Prior to this, in Ghana’s northern region, the construction of solar panel at Bui, generating with an estimated generation of 50MW has already been awarded to a different company.

Song Dongsheng, Chairman of Sinohydro and President of PowerChina International Group Ltd. responded positively to the CEO of the Bui Power Authority, Fred Oware’ call and announced the construction of 200MW solar panel.

The meeting between Song and Oware remained successful and Song made the decision to take on this mega project of 200MW solar power generation. BPA and Sinohydro signed the BOT (Build, Operate and Transfer) agreement. Sinohydro will also collaborate with BPA on the development of hydro power generation along Ghana’s Western Rivers.

Earlier, Sinohydro successfully undertook a 400MW contract at Bui Generation Station. The completion of this 200MW solar generation will turn convert Bui Generation Station into a hybrid power producer in Ghana.

The expansion of Bui Switchyard was also completed by BPA. Song praised the collaboration between China and Ghana and he further went on to commit that Sinohydro and PowerChina, both are looking to inject more investment to Ghana’s economy.

The official visit of Song will result in an important official meeting with Ghana’s government officials representing the energy and power sector of the country.

Oware is optimistic about the start of the project during 2017 and he is confident that the project will successfully complete by the end of 2018. Oware predicts that BPA’s capacity would become 650MW (solar and hydro) with the completion of the project.

Share.

About Author

1 Comment

  1. Pingback: July: Africa Top 10 Investment and Economic Stories - Footprint to Africa

Leave A Reply