Ghana: PPA signed for Bridge Power
- 29 Oct 2016
The Early Power consortium of Denham Capital’s Endeavor Energy, Ghanaian energy trader Sage Petroleum, and General Electric (GE) announced on 25 October that it has signed a 20-year power purchase agreement (PPA) with the Electricity Corporation of Ghana (ECG) for its two-phase 400MW Bridge Power project at Tema. The signing follows parliamentary approval for the deal and includes the option for a five-year extension. Power will be sold to ECG at $0.124/kWh. Bridge Power, which will be the largest liquid petroleum gas (LPG) plant in the world when complete, according to Endeavor, will be developed in phases.
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