Business News of Thursday, 14 December 2017
The largest ever powership in the world, Osman Khan, was on Thursday inaugurated at the Tema Fishing Harbour to supply reliable and uninterrupted electricity to Ghanaians.
The karpowership has the capacity to generate 470 megawatts of power.
Deputy Minister of Energy, Joseph Cudjoe, revealed the powership replaces the 225 megawatts powership, Karadeniz Powership Aysegul Sultan, TV3’s Ebenezer Agyekum reported.
Mr. Cudjoe said the Osman Khan powership would be relocated to Takoradi to make use of gas from off the Cape Three points in the Western Region.
He indicated with Ghana’s power demand increasing by 10% annually, government will put up the necessary policies to ensure sustainable, accessible, reliable and affordable electricity.
The CEO of Karpowership Orhan Remzi Karadeniz said the presence of the powership is the fulfilment of the obligation to ECG.
The new power barge is in fulfilment of a power purchase agreement (PPA) signed with the Electricity Company of Ghana (ECG).
The PPA, according to reports, requires Karadeniz to provide a total of 450 MW capacity of power and directly feed it into the national grid for 10 years.
“The 470 MW Powership will supply uninterrupted and reliable electricity at one of the lowest costs to Ghana for thermal power generation with its dual fuel engines and combined cycle power generation technology,” Karpowership Ghana Company Limited said in a statement in August this year
“The Powership will initially use low Sulphur Heavy Fuel Oil (HFO) to generate electricity but the fuel will be converted to Natural Gas as soon as local Natural Gas supplies become available, ensuring cost savings for Ghana,” it added.
It assured that the operations of the powership will have a significant contribution to Ghana’s electricity supply “as the most reliable power plant in the country and create more employment opportunities”.