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Energy Finance & Investment News in Ghana

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

🕔Jun 13, 2018

Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.

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Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January

🕔Jan 10, 2018

With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.

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Engie and eleQtra partner for 50-MW wind development in Ghana

Engie and eleQtra partner for 50-MW wind development in Ghana

🕔Jun 16, 2017

ENGIE and eleQtra, a UK-based 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.

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Largest Private IPP in Ghana on course for 2017 completion

Largest Private IPP in Ghana on course for 2017 completion

🕔Mar 30, 2017

On track to becoming a critical base-load component in meeting Ghana’s growing electricity demand, the Kpone Independent Power Plant (KIPP), which is being developed by Cenpower Generation Company, is expected to be commissioned before the end of 2017.

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Financial close for oil & gas field project in Ghana

Financial close for oil & gas field project in Ghana

🕔Mar 14, 2017

International Finance Corporation (IFC), UK Export Finance (UKEF) and a commercial bank group led by HSBC, ING, Société Générale and Standard Chartered Bank acted as lenders on the financing of Vitol’s participation in the Offshore Cape Three Points (OCTP) oil and gas field project involving the development of the Sankofa-Gye Nyame fields in Ghana.

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Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

🕔Feb 1, 2017

Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.

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Amandi Energy reaches FC and begins construction of its 200 MW power plant in Aboadze

Amandi Energy reaches FC and begins construction of its 200 MW power plant in Aboadze

🕔Dec 30, 2016

Amandi Energy Limited has reached financial close and begun construction of a 200 MW combined cycle, dual-fuel power project in Aboadze, Ghana.

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PPA signed for 400 MW greenfield Bridge Power project

PPA signed for 400 MW greenfield Bridge Power project

🕔Oct 27, 2016

Early Power consortium, formed by  Africa-based Endeavor Energy, Sage and General Electric, has signed a 20-year power purchase agreement (PPA) with the  Electricity Corporation of Ghana (ECG) for the 400 MW greenfield Bridge Power project.

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USTDA provides Technical Assistance for solar power project in Ghana

USTDA provides Technical Assistance for solar power project in Ghana

🕔May 26, 2016

U.S. Trade and Development Agency (USTDA) has awarded an U$704,815 grant to Home Energy Africa Limited, a Ghanaian solar power developer, for technical assistance that will help bring a 100-megawatt solar power photovoltaic (PV) project in the village of Nyimbale-Sankana, Ghana towards financial close.

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Tender launched for the concession of Ghana electricity management and investments

Tender launched for the concession of Ghana electricity management and investments

🕔Oct 2, 2015

The Government of Ghana (GoG) is inviting private sector participation into the management, operation of, and investments in the Electricity Company of Ghana (ECG) through a long-term concession over ECG’s distribution business.

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Vitol requests IFC financing for Ghana oil offshore project

Vitol requests IFC financing for Ghana oil offshore project

🕔May 28, 2015

Vitol Ghana,  a subsidiary of Vitol Group, has requested financing from the International Finance Corporation (IFC) for the Offshore Cape Three Points (OCTP) project in the Western Region of Ghana.

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Macquarie’s African Infrastructure Investment Managers backs Joule Africa

Macquarie’s African Infrastructure Investment Managers backs Joule Africa

🕔May 13, 2015

International power developer, Joule Africa, and leading infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM) have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.

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Ghana signs $7bn contract with Eni to produce oil, gas at Cape Three Points

Ghana signs $7bn contract with Eni to produce oil, gas at Cape Three Points

🕔Feb 11, 2015

The government of Ghana has signed an agreement for the development of the Offshore Cape Three Points (OCTP) integrated oil and gas project.

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Electricity Company of Ghana to be privatized in 2016

Electricity Company of Ghana to be privatized in 2016

🕔Feb 6, 2015

According to local sources, the Electricity Company of Ghana (ECG) would be privatised by March or June 2016 year depending on the privatization method the government chooses.

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Cenpower announces financial close of US$ 900 MM project financing of its Kpone IPP plant in Ghana

Cenpower announces financial close of US$ 900 MM project financing of its Kpone IPP plant in Ghana

🕔Oct 6, 2014

Cenpower Generation Company Limited, a Special Purpose Vehicle created to develop the Kpone Independent Power Plant (‘KIPP’) in the Tema industrial zone, close to Ghana’s capital, Accra, has announced the financial close of the required US$ 900 million of project finance.

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Sumitomo joins Ghana’s combined cycle power plant

Sumitomo joins Ghana’s combined cycle power plant

🕔Sep 30, 2014

Sumitomo Corporation will participate in the 340 MW Kpone combined cycle power plant, located about 25 kilometers from Accra, Ghana.The Sumitomo Corporation Group has announced that it has acquired 28% of the project company’s shares on 24 September 2014. The others shareholders are Cenpower Holdings Limited (21%), the Africa Finance Corporation (31.5%) and others.

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Mainstream signs deal to build and operate Ghana’s first utility-scale wind farm

Mainstream signs deal to build and operate Ghana’s first utility-scale wind farm

🕔Sep 17, 2014

Global wind and solar company Mainstream Renewable Power has announces the signing of an agreement with Swiss wind farm developer NEK Umwelttechnik to purchase the 225 MW Ayitepa wind farm in Ghana.

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Santerre Limited to develop a 200 MW thermal power plant in Ghana

Santerre Limited to develop a 200 MW thermal power plant in Ghana

🕔Sep 1, 2014

Santerre Limited has entered into an agreement to finance and develop a 200 MW combined-cycle thermal power plant in Ghana as an independent power producer (IPP).

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Quantum Pacific and Golar LNG to build Ghana LNG Terminal

Quantum Pacific and Golar LNG to build Ghana LNG Terminal

🕔Aug 7, 2014

Quantum Power Ghana Gas, a subsidiary of Quantum Pacific, has signed an agreement with Golar LNG to build a liquefied natural gas import terminal in Ghana.

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Standard Chartered more than doubles its commitment to Power Africa to $5 billion

Standard Chartered more than doubles its commitment to Power Africa to $5 billion

🕔Aug 1, 2014

Standard Chartered is more than doubling its commitment to ‘Power Africa’ by increasing its pledge from US$2 billion to US$5 billion, after reaching its initial commitment in 12 months.

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