Business News of Friday, 28 July 2017
PowerChina International Group Limited plans to invest about $4 billion in different modules power generating in Ghana.
Construction works on a200megawatts solar generation project by the Company will begin next year.
The construction of another 50MW solar power generation plant at Bui had already been awarded to another company.
The President of PowerChina International Group Limited and Chairman of Sinohydro, Song Dongsheng announced this when he paid a courtesy call on Fred Oware, the Chief Executive Officer (CEO) of the Bui Power Authority (BPA).
The working visit afforded Song and Oware the opportunity to discuss the 200MW solar generation farm to be constructed by Sinohydro at Bui.
It would be constructed under a Build, Operate and Transfer (BOT) agreement between BPA and Sinohydro.
The discussions also bothered on collaborating with BPA to develop hydropower potential on the Western Rivers.
Sinohydro was the Contractor for the 400 Mega Watt (MW) capacity at Bui Generating Station and adding the solar would make the Bui Generating Station a hybrid power generator.
BPA has already completed the expansion works on the Bui Switchyard to be able to evacuate the solar power generated from the solar farm to be located within the Bui environ.
Song said there was very good cooperation between Ghana and China, and that PowerChina and Sinohydro were willing to invest more in Ghana’s economic development.
Song, who is on official visit to Ghana, would be holding talks with government officials in the energy sector.
Oware said the construction of the solar farm was likely to begin somewhere this year and hopefully, by the close of next year, it would be generating electricity.
He said upon the completion of the solar generation project; BPA hybrid generation capacity of solar and hydro would be 650MW.