The companies behind Ghana’s Takoradi 2 power plant have completed financing for the expansion of the 220 MW plant.

Abu Dhabi National Energy Company (TAQA) and electric supplier Volta River Authority (VRA) have completed the $330m deal for the plant, which represents about 15 per cent of the country’s installed capacity.
Takoradi power plant
The project expansion involves conversion of the existing gas-fired power station at Aboadze into a combined cycle unit.

With the expansion, the current output of the power plant is expected to increase by over 100 MW to 330 MW, without requiring additional fuel.

The latest financing for the project is being provided by the International Finance Corporation (IFC), a World Bank Group member, and a consortium led by FMO, a development bank majority-owned by the Dutch government.

“This expansion will help Ghana’s growing population meet their energy needs and provide the power needed for economic growth,” said TAQA Power & Water head and executive officer Frank Perez.

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