M a r k e t N e w s

Turkey to construct 370MW power plant in Ghana

Posted on : Tuesday , 18th August 2015

Turkey is set to construct 370MW power plant in Ghana after the country signed a 5years Power Purchasing Agreement (PPA) with Aksa Enerji, a Turkish based company.

However, the power plant is expected to be up and running by end of June next year. According to Aksa Enerji, the constructed plant will not only provide power, but also increase the operational profitability significantly. Although the parliament of Ghana approved the agreement, the credit letters, operation and production licenses approvals are yet to be concluded from the authorities. The construction of 370MW power plant in Ghana is expected to boost electricity supply in the country whose economy is fast growing.
 
According to the signed agreement, Aksa Enerji will be responsible of selling the total electricity generated by the plant to the government of Ghana. The sell will be transacted in US dollars at the total price as stated in the agreement via long term PPA.

The Turkish power company enters the African market amid increasingly growing demand of power and infrastructure investment in the region. The company also seeks to grow its profitability and reduce the effect of foreign exchange losses by increasing its dollar-based sales. Ghana is one of the emerging economies in Africa, and electricity is seriously needed to propel its fledgling economy.
 

Source : constructionreviewonline.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Catering for the most varied industrial storage requirements.
  • Manufacturer of heavy duty machinery
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • KJV is a professionally managed group in distribution & transmission sector involved in executing contracts
  • Industrial  machinery
  • Mini plants of toilet paper rolls production
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • Automatic brick manufacturing machines
  •  Magazine for Africa
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • We offers high quality, Competitive price and satisfied service always
  • Pumping solutions, a technological potential.
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • Worthington Products is the World’s most trusted name when it comes to providing quality waterway barriers for Debris Control, Dam Safety, Ice-Booms, Fish Guidance
  • Dedicated to the Engineering Manufacturing Sector in India
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • Multi feedstock batch processing biodiesel equipment
  • EMI has a qualified and dedicated team of managers with vast experience in their respective areas of work.
  • At A J Charnaud & Co (Pty) Ltd we are committed to the safety & satisfaction of our customers
  • Anya energy limited is accredited with ISO 9001 certification for Quality Management System and our products are recognized and certified by Bureau of Indian Standards
  • Leading manufactures and expoters of the electronic products
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade