Wednesday, July 21, 2010

Ghana Seeking 1 Billion Investment For Renewable Energy

Ghana Seeking 1 Billion Investment For Renewable Energy
http://www.businessweek.com/news/2012-11-06/ghana-seeks-1-billion-for-renewable-energy-resources

Ghana is seeking investment of as greatly as 1 billion to develop

renewable-energy resources top-quality the bordering eight living, according to the

Break open Ministry.

Policies are in intersection to batter the countrys energy brawn in

solar, biomass, wind, as authentic as mini-hydro, Seth Mahu, supply

director at the ministry, understood in an interview in the town, Accra,

on Nov. 2. We are looking at each one Ghanaian and non-Ghanaian private-

unit operators partnering presidency to develop these resources.

Ghana, which has the second-biggest economy in West Africa, has

accomplished elder than three months of electricity cuts late a natural-

gas cylinder off the drift of Togo was without hope by a ship. The screech

rations gas for power from Nigeria to Benin, Togo and Ghana and the

outage is usual to carry on until December, according to the West

African Gas Channel Co.

Tumor in the 39 billion economy 2013 is forecast to dim to 7.8

percent from 8.2 percent this see, according to the Worldwide

Monetary Bring in.

The renewable-energy investments will add 500 megawatts of power to

the nations clout and comfort spread electricity get ready to all

parts of the license, mainly in unwelcoming areas, understood Mahu.

Ghanas present 2,443-megawatt clout reaches 72 percent of the

state, according to statistics from the ministry. The blemish to the

gas cylinder curbed power rations by about 300 megawatts, Break open

High priest Joe Oteng-Adjei understood in September.

Lunar Panels

Control John Dramani Mahama, who is vying to win a instant manifestation in

branch off for his view Formal Liberal House of representatives group in an

show of hands bordering month, pledged electricity for the whole license by

2016. Every one Mahama and his main opponent, Nana Akufo- Addo of the New

Chauvinistic Distinctive, promised to resurrect production to 5,000 megawatts.

Ghana has approach 10,000 solar-panel installations in communities that

dont individual spread to the testify power web, Edward Bawa, a amp

for the ministry, understood yesterday.

We are play-act a check out run of wind-energy installations in the Middle

aspect, he understood, referring to the southern parish that borders the

town city aspect.

A hydroelectric plant on a dam at Bui, in the central-west Brong Ahafo

aspect, is usual to add 400 megawatts of power in the topmost quarter

of 2013, understood Mahu. Ghana derives 1,180 megawatts from two hydro

plants on the Volta Marine in eastern Ghana, among Akosombo, which

was opened in 1965 by the countrys topmost travel, Kwame Nkrumah.

Ghana is jade its own natural-gas assets and will supply 150

million acknowledged cubic feet also day for thermal power generation,

Mahu understood.

This will supply cheaper fuel for energy generation from December,

George Sipa Yankey, frivolity of the Ghana Formal Gas Co., understood.

To convenience the raconteur on this story: Ekow Dontoh in Accra at edontoh@bloomberg.net

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