Nuclear Power Ghana Limited and China National Nuclear Corporation Overseas Limited have sealed a deal, marking a milestone in Ghana's energy landscape, reports Asaase Radio.
The agreement focuses on constructing the HPR 1000 Technology Nuclear Power Project and enhancing Ghana's grid infrastructure.
The HPR1000 technology, described as an advanced mega-kilowatt-class third-generation pressurised water reactor (PWR) nuclear power technology, represents China's culmination of over three decades of expertise in nuclear power research, design, and operation.
The signing ceremony occurred during the sidelines of the 26th World Energy Congress in Rotterdam, Netherlands, showcasing a strategic move towards fulfilling Ghana's energy ambitions.
Ghana's energy minister Matthew Opoku Prempeh, announcing the agreement via his Facebook page, underscored its alignment with President Akufo-Addo's vision for a diversified and sustainable energy portfolio.
"This agreement represents a profound commitment to advancing our nation's energy sector, ensuring sustainable development, and meeting the growing demand for electricity in our country," he said.
The total installed capacity for existing plants in Ghana is 5,134 MW, with a dependable capacity of 4,710 MW. Thermal generation accounts for the largest share of Ghana’s power generation, representing 66%, with hydro accounting for 33%.
Ghana’s thermal power generation is fueled largely by natural gas, but occasionally using light crude oil and diesel. Ghana exports power to Togo, Benin, and Burkina Faso.
A prominent American applied economics professor, Steve Hanke, has ranked Zimbabwe's 11-month-old currency as the second worst performer worldwide, estimating it has lost 50% of its value ... more
The Economic Community of West African States (ECOWAS) has launched a 5,000-member regional counterterrorism force to tackle the growing influence of jihadist groups, particularly Islamic State’s ... more
The African Energy Chamber (AEC) is set to host a webinar focused on Namibia’s oil and gas exploration boom. Organised in collaboration with global energy research consultancy Wood Mackenzie and ... more