The government of Ghana has commissioned the first phase of the Ghana Bridge Power Project. President Nana Addo Dankwa Akufo-Addo inaugurated the 200MW plant located at Kpone, near Tema, marking a significant milestone in Ghana’s pursuit of energy security and sustainable development.
This project is the first phase of a 515MW combined cycle gas turbine (CCGT) power plant, a collaboration among Endeavour Energy Limited, General Electric (GE) Vernova, and Ghanaian partner Andaris Energy, with a total investment of US $1.2bn.
President Akufo-Addo highlighted the project as a transformative initiative, essential for driving Ghana’s economic growth and providing reliable power to support industrial, healthcare, and educational advancements. The plant underscores Ghana’s commitment to leveraging cutting-edge solutions for its energy needs.
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Power Purchase Agreement
Phase two of the combined cycle gas turbine power plant, which will have an output of 315MW, is expected to start in September next year, with a 48-month construction schedule to pave the way for commercial operations in September 2029.
The project is a partnership between Endeavor Energy, a U.S.-based independent power producer focused on Africa and Andaris Energy Limited, a wholly owned Ghanaian company. Endeavor Energy, backed by Denham Capital, has invested significantly in Ghana’s energy sector, including the Amandi TCE Power Plant. Stage 1, costing US $611M, was funded entirely by sponsors and lenders.
The plant will operate under a 25-year Power Purchase Agreement (PPA) with the Electricity Company of Ghana (ECG), backed by a Put Call Option Agreement (PCOA) with the Government of Ghana. GE Vernova will provides a 25-year service agreement and cutting-edge Asset Performance Management (APM) software to enhance the plant’s reliability and efficiency, ensuring long-term performance.
Upon completion, the project strengthens Ghana’s energy infrastructure, supporting industrial growth and enhancing energy reliability by reducing carbon emissions and increasing fuel efficiency.
