Name of the Project
Amandi Energy power plant.
Location
The project is located in Aboadze, Ghana.
Client
Amandi Energy.
Project Description
The project entails the construction of a 203 MW combined-cycle, dual-fuel power plant.
The plant will initially be fuelled by light crude oil, but is expected to switch to indigenous gas from Ghana’s offshore Sankofa natural gasfield once the field is operational.
The plant will be one of the most efficient power plants in Ghana and will produce more than 1 600 GWh/y, energising up to one-million Ghanaian households.
Amandi Energy will sell power to the Electricity Company of Ghana under a 25-year power purchase agreement.
Potential Job Creation
The plant’s construction will create 400 jobs, most of which will be filled by Ghanaians.
The power plant will employ up to 40 people full-time.
Value
$552-million. This comprises $134-million in equity from the sponsor group, which includes Endeavor, AFG, Aldwych, Pan African Infrastructure Development Fund 2, or PAIDF2, managed by Harith General Partners, and the ARM-Harith Infrastructure Fund.
The balance of funding ($418-million) will be provided by the Overseas Private Investment Corporation, which will provide a $250-million loan; the CDC group, which will provide an $83-million loan; and Nedbank Limited and Rand Merchant Bank, which will provide $85-million.
Duration
The project will take 28 months to complete and is expected to come on line in April 2019.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Amandi Energy, tel +233 544 334141 or email amandi.energy@amandico.net.