PRESIDENT AKUFO-ADDO CUTS SOD FOR 400MW BRIDGE POWER PROJECT.
This project, the President revealed, would be one of several initiatives that will be introduced along the power supply value chain in order to achieve a cost effective, efficient and sustainable energy sector.
With Ghana not having fared well in negotiations with private power producers in recent years, especially as such agreements were negotiated during emergency periods and times of power shortages, President Akufo-Addo noted that the government he leads, nonetheless, is a natural cheerleader for the private sector, but will do so within the framework of protecting the public purse.
“For us laypersons, our interest in these agreements rests largely on cost, reliability and flexibility. I am glad to learn the plant will be able to operate on LPG, natural gas, and diesel, and this flexibility will allow the plant to continue producing power in times of disruption in the supply of any one of the fuel types.
I am also glad to note that the project has been specifically designed to switch to Ghana’s own natural gas, once available. This should help advance our strategy to leverage natural gas as a long-term source of fuel, central to the operation of the power sector,” he said.
Having announced an ambitious plan to develop and transform the structure of the Ghanaian economy, the President stated that he was looking forward to working with Early Power Limited to help his government fulfill its vision of creating a modern, efficient, diversified, and financially sustainable energy economy.
“I intend to grow this economy industrially, and that can be achieved when we have adequate, cost effective and sustainable power supply. The programmes this government has lined up to undertake, such as the ‘One District, One Factory’, and the ‘One Village One Dam’ projects, will all require significant amounts of electricity.
The power produced in this country must be cost effective, efficient and sustainable. I am informed that the technology of this Early Power project is one of the most efficient types in the world, and we are happy you chose it for Ghana,” he said.
As stated in the State of the Nation Address, President Akufo-Addo indicated that his government has commenced actions that will improve transparency in tariff setting, adding that “we aim to introduce very soon a new tariff policy that will reclassify consumer categories in order to protect lifeline and strategic industrial consumers.”
The President assured the private producers of this project that Ghana will be a great place to do business under his watch, indicating further that the sector ministers will work with the private producers to address any challenges that may arise during the implementation of the project.
“It is my expectation that they will be able to address these challenges satisfactorily, for they are all very competent in their domain, but, if, indeed, it becomes necessary, which I hope it will not, to go higher up the chain of authority, I want you to know that my doors will always be open. I do, on the other hand, insist that, on your part, you play according to the rules and regulations of the sector and the country as a whole,” he added.
Whilst pledging to make electricity available under his administration, President Akufo-Addo urged Ghanaians to make sure that electricity is used efficiently.
“Turn off the lights when you leave a room. Switch off fans when not needed. Iron your clothes in bulk. These are just a few, simple actions we can all take. Not only will you be saving money for yourself, but these habits are acts of citizenship and common humanity. For the industrial customers, I urge you to use energy efficient machinery and equipment at your facilities. These human attitudes prove that, even when you have power, you care enough to save what you do not need so others, too, may have,” he added.
ABOUT BRIDGE POWER
Bridge Power is a 400 Megawatt (MW) greenfield power and liquefied petroleum gas (LPG) import, storage, and transportation infrastructure project that will be located in Tema near the Tema Oil Refinery (TOR). The project will be capable of being fueled by LPG, natural gas, and diesel.
Stage 1 will use five GE TM2500+ gas turbines and one purpose-built GE steam turbine in a combined cycle gas turbine (CCGT) configuration that will collectively generate 200 MW of power. Stage 2 will add another 200 MW through four GE LM6000 gas turbines and one purpose-built GE steam turbine, again in a CCGT configuration. Together, this will amount to over 17 percent of Ghana’s reliable generation capacity.
Bridge Power is being developed by the Early Power Limited (EPL) consortium, made up of Endeavor Energy, a leading independent power development and generation company focused on Africa; Sage, a leading independent Ghanaian energy trading firm; and GE (General Electric), the world’s premier digital industrial company.
DISCLAIMER: “The views expressed in this article are the sole responsibility of the author and do not neccessarily reflect those of Ghana Media World. The contents of this article are of sole responsibility of the author(s). Ghana Media World will not be responsible or liable for any inaccurate or incorrect statements contained in this article.” © GHANAMEDIAWORLD.COM
HAVE A SAY. WHAT DO YOU THINK? DROP COMMENTS!
@ghanamediaworld on Twitter / lnstagram ghanamediaworld
Do you have a story for The Ghanameiaworld Online news team? Email us at firstname.lastname@example.org Or call us:
THE NEWS ITEMS ARE REAL AND WE ARE NOT FAKE MEDIA,WE ARE HERE FOR YOU BECAUSE OF TRUELY MEDIA. IF NOT BECAUSE OF YOU, WE CANNOT BE GHANA MEDIA WORLD. OR WHAT WE HAVE REACH TO BE NOW.WE PUBLISH WHAT IS TRUELY INSIDE THE MEDIA OF THE WORLD FROM JOURNALIST NEWS,MEDIA NEWS AND FROM THE PEOPLE WE GET THE REAL NEWS FROM AND TO GHANA MEDIA WORLD, WITHOUT HIDDEN THINGS FROM YOU AND FROM THE TRUTH THAT WE GET FROM MEDIA AND JOURNALIST.AND ALSO SOMEWHERE WE GET TO KNOWN.OUR MEDIA PAGE IS STILL NOT COMPLETED,THERE IS A LOTS TO BE DONE IN GHANA MEDIA WORLD PAGE.FOR THE MEAN TIME WE PUBLISHED NEWS,WE ADVERTISE FOR PEOPLE,ETC.LISTEN TO MANY RADIO STATIONS IN OUR PAGE BY CLICK.
READ MORE @ WWW.GHANAMEDIAWORLD.COM
CONTACT OF MEDIA AND ADVITISED IN OUR WEBPAGE ,IF YOU NEED PROFECTIONALS RADIO STATION LIVE STREAMING FOR BROADCASTING TOOLS PLUS WEBPAGE,DOMAIN,WE ARE NUMBER ONE PROFECTIONALS TO HELP YOU,FOR QUETIONS,DONATIONS,CONTACT OUR E-MAIL ADDRESS email@example.com
SHARE OUR PAGE AND LIKE US IN FACEBOOK,INSTAGRAM,WHATSAPP,PINTEREST,YOUTUBE,LINKEDIN.
WE ARE NUMBER ONE TRUELY MEDIA.