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.
The financial close is scheduled to be reached by December this year. The project will be structured in two phases, a 194 MW in Phase 1 and 206 MW in Phase 2 in the coastal city of Tema.
GE, acting also as technology provider for the project, will provide nine gas turbines and two purpose built GE steam turbines in two separate combined cycle gas turbine (CCGT) configurations. Each of the nine gas turbines can operate independently, allowing ECG to more efficiently match supply to actual demand.
According to sources, Endeavor CEO Sean Long said:
“Bridge Power is a first of its kind in Ghana. We’ve customised the project to provide quick and reliable energy production for Ghanaians in order to assist Ghana’s economic growth and create jobs.
Our understanding of Ghana’s long-term vision for its power sector is built on having reliable and diversified energy. Bridge Power checks all those boxes.”