Santerre Limited will help Ghana government develop a 200 MW combined-cycle thermal power plant, and the company will operate as an independent power producer (IPP). The project is expected to commence in 2015.
The proposed plant will be located at the coastal town of Prampram. The latter is close to the industrial hub of Tema, which is a major port city in West Africa. The plant is also located near the new 330 kV Ghana Grid Company transmission line, the West African Gas Pipeline and the Tema Oil Refinery.
The project will be developed in two phases. Each of the two phases will involve generation of 100 MW, and to be involved in the construction is the Santerre’s Ghanaian subsidiary SANTERRE ELECTRIC POWER COMPANY LIMITED (SEPCO). The subsidiary, according to reports, has already signed a Memorandum of Understanding with the state-owned Electricity Company of Ghana (ECG).
“This project will demonstrate the maturity of thermal power technology, which will efficiently harness to tackle Ghana’s recurrent electric power shortages” said SANTERRE CEO, Mr Charles Hardeman.
Funds to see through the construction of the project are expected to come from local partner companies, including the ACEC Investments Limited and the Ghanaian incorporated subsidiary of India-based ACEC. The other financier is expected to be Petro-Electric Company Ghana Limited, which is a Ghanaian firm which conceptualized and started off the construction project.
SANTERRE operates internationally and has long term experience in privately funded infrastructure developments around the world.