VRA, Spanish company sign agreement ; For production of 186 MW electricity
The Volta River Authority (VRA) has signed an agreement with Techicas Reunidas (TR) of Spain for the construction and generation of a combined cycle power plant in Takoradi.
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Under the $239 million agreement, the Spanish company is expected to construct the power plant under the Takoradi 4 Thermal Power Project (T4 Project) to generate 186 megawatts of power to be fed into the national grid.
It is expected to be completed within 30 months.
Giving details of the project at the signing ceremony in Accra yesterday, the Manager in charge of Project Management at the VRA, Mr Isaac Bedu, said the project would be constructed in two phases. He said the first phase, which would provide 126MW of electricity, was expected to be completed in 20 months.
He said the second phase of a combined cycle would be completed in 10 months and add another 60MW to the national grid.
laudable initiative
The Minister of Power, Dr Kwabena Donkor, speaking at the signing ceremony, said demand in the power sector was growing by about 12 per cent per annum,providing a challenge to the power industry in the process.
Attracting the needed investment to improve upon the power sector was, therefore, laudable, he said, and urged the VRA to be efficiency driven and more aggressive.
“We just don’t want to be a generator of power but we want to be the most efficient generator in the sub region,” he stressed.
The Executive Director of TR, Spain, Mr Cesar Suarez Leoz, in his remarks, assured the ministry of the company’s commitment to support the power sector and bring its expertise to bear on the sector in Ghana.
