President Akufo-Addo Inaugurates $1.2 Billion Bridge Power Plant

Ghana launches $1.2 billion power plant

by Feyisayo Ajayi
President Akufo-Addo Inaugurates $1.2 Billion Bridge Power Plant

KEY POINTS


  • Ghanaโ€™s Bridge Power Plant adds 515MW capacity.
  • First plant to use GE Vernova turbines innovatively.
  • Project ensures energy reliability, economic growth and sustainability.

President Nana Addo Dankwa Akufo-Addo recently inaugurated the $1.2 billion Bridge Power Plant in Kponeโ€™s Heavy Industrial Area, marking a pivotal advancement in Ghanaโ€™s energy infrastructure.

The facility, developed by Endeavor Energy and Ghana-based Andaris Energy Limited, is set to enhance the nationโ€™s thermal power capacity by over 7 percent, meeting household and industrial energy needs nationwide.

โ€œThis state-of-the-art facility underscores Ghanaโ€™s commitment to addressing energy demands while embracing cleaner, more efficient technologies,โ€ Akufo-Addo said during the commissioning.

A technological breakthrough in power generation

According to Zawya, the Bridge Power Plant is the worldโ€™s first to integrate GE Vernovaโ€™s trailer-mounted TM2500 aeroderivative gas turbines in a combined cycle setup. This advanced design features a steam turbine and Heat Recovery Steam Generator (HRSG), boosting fuel efficiency by up to 50 percent compared to single-cycle plants.

Stage 1 of the project, now operational, generates 200 megawatts (MW) using natural gas. Stage 2, slated for completion in 2029, will add 315 MW, bringing the total capacity to 515 MW.

โ€œThis innovative facility ensures reliable power delivery while prioritizing environmental sustainability,โ€ said Sean Long, CEO of Endeavor Energy.

Financing and long-term agreements

The project is underpinned by a 25-year Power Purchase Agreement (PPA) with the Electricity Company of Ghana (ECG), supported by a Put Call Option Agreement (PCOA) with the Ghanaian government. Approved by Parliament in 2016, these agreements guarantee financial stability and mitigate investor risks.

Construction of Stage 1 began in December 2018 and concluded in July 2024. The plant is poised to stabilize Ghanaโ€™s energy supply and drive economic growth.

Optimized reliability through digital solutions

In addition to hardware, GE Vernova provides a 25-year service agreement and a cloud-based Asset Performance Management (APM) system. The APM software uses predictive analytics to optimize equipment performance and ensure long-term reliability, bolstering Ghanaโ€™s energy security.

โ€œThis project sets a new benchmark in sustainable energy development for the region,โ€ President Akufo-Addo remarked, emphasizing the role of innovation and sustainability in Ghanaโ€™s energy future.

The Bridge Power Plantโ€™s groundbreaking design and advanced technology represent a significant step in meeting Ghanaโ€™s energy needs while aligning with global sustainability goals.

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