Turkey is building two electricity-generating vessels to produce power to Ghana that is equivalent to more than one-fifth of the West African country's electricity needs.

Karadeniz Energy Group, the energy wing of the Turkey-based Karadeniz Holding, is spearheading the construction project and when it becomes operational will contribute up to 450 megawatts of power to Ghana's national electricity grid.

"Karpowership Ghana Company will be supporting the Electricity Company of Ghana and the Ministry of Energy and Petroleum, while providing a turnkey solution to deliver fast-track electricity to meet the country's high energy demand," company director Patrick O'Driscoll told Anadolu Agency.

Karpowership Ghana Company Limited, a subsidiary of Karadeniz Energy Group, the energy wing of the Turkey-based Karadeniz Holding, signed a ten-year power purchase agreement in June with the state-run Electricity Company of Ghana (ECG).

The company will build two floating power stations at a total estimated cost of $1.2 billion.

"The cost of a ship is $600 million, but this has been pre-financed by Karpower because it is an independent power producer," Ebenezer Baiden, a member of the tariff team at ECG, told AA.

"Ghana will only have to pay them every month when they start generating power from May 1, 2015," he added.

ECG, which does not generate power and depends on various state-owned and private power producers, has made a $50-million commitment to the deal.

"It is collateral to say that when they sail from Turkey to Ghana, we will not relent on the deal," Baiden explained. "We produced the bank guarantee to Karpower to prove our commitment."

The deal is believed to be the largest Turkish investment project in Ghana.

Karadeniz is the developer, owner and operator of a fleet of power ships with an overall capacity of more than 1,100 megawatts.

It currently has three ships in Iraq, two in Lebanon, one in Pakistan and one in Dubai.

The company reportedly supplies 10 percent and 20 percent of Iraq's and Lebanon's respective electricity needs.

Much needed

The power ships will dock at Tema and Takoradi – Ghana's two port cities – near suitable grid interconnection points.

They will contribute up to 450 megawatts of power to Ghana's national electricity grid.

"It is projected that with the two power ships, Karpowership Ghana will eventually supply 21 percent of the country's [power] generation [based on 2013 figures]," O'Driscoll asserted.

Karpowership Ghana said the deal would be an economical solution to Ghana's existing electricity supply – which relies on expensive crude oil – while providing employment and attracting badly needed foreign direct investment.

"With the use of low-cost fuel, the power ships will deliver a total cost of electricity into the grid that will enable a competitively priced tariff to deliver savings for the government," said O'Driscoll.

He added that the power ships would initially use economic – and abundant – Heavy Fuel Oil (HFO) to generate electricity, but would transition to natural gas during the project's second phase.

Baiden, the Ghanaian official, said the power ships would run on HFO for the first five years, switching to natural gas in the sixth year.

While the ships are running on HFO, Ghana will pay $0.19 for each unit per kilowatt. When they start running on natural gas, the cost will fall to $0.15.

Edward Bawa, an Energy Ministry spokesman, said the power ships would help improve the West African country's energy situation.

"There is an issue where the load demand is almost the same as the amount of power available, so the reserve margin is non-existent," he told AA.

"Technically, we are supposed to have about 20 percent of our installed capacity being our reserved margin," Bawa said.

"If we are able to have this facility, anytime we have a challenge with any of our plants, we can rely on it," he added. "So this will come in to plug that gap of deficit that we have."


http://www.ghanaweb.com/GhanaHomePage/business/artikel.php?ID=329933

Good for Ghana....450mw only?

Nobleval:
Good for Ghana....450mw only?

yes its better than using generator in 2014

Wale112:



yes its better than using generator in 2014

swerve!

turkey miss road?
them no dey watch news ?
nigeria don dey cry 4 light,dey shout 4 light,
una come c ghana wey dey get constant light 4 africa,una come ship in 450megawatt to them..
una dey ok so? That s why dey call una turkey bc if una no be chicken,una fall mak enquiries b4 una ship in 450megawat 4 gana wen naija stil dey 4 d ages of shouting up nepa

emmysoftyou:
turkey miss road?
them no dey watch news ?
nigeria don dey cry 4 light,dey shout 4 light,
una come c ghana wey dey get constant light 4 africa,una come ship in 450megawatt to them..
una dey ok so? That s why dey call una turkey bc if una no be chicken,una fall mak enquiries b4 una ship in 450megawat 4 gana wen naija stil dey 4 d ages of shouting up nepa

What has nigeria done with their oil and gas?

Ghana must save Nigeria

Really? I thought Ghana was talking about exporting power to Nigeria. Why are they now relying on Turkey?

overhypedsteve

Wale112:



yes its better than using generator in 2014

fact is, there is no light in the whole of Ghana and you dont use generators because you cannot buy one. That we use generator is one reason to show that we can leave on our own and depend on no one else. Take the feeding bottle away from the mouth of ghanaians, and they will die like helpless children.

With generators, we have built the largest economy on the continent, fact!

With generators, we have built infrastructures better than any ghanaian is capable of building, fact!

emmysoftyou:
turkey miss road?
them no dey watch news ?
nigeria don dey cry 4 light,dey shout 4 light,
una come c ghana wey dey get constant light 4 africa,una come ship in 450megawatt to them..
una dey ok so? That s why dey call una turkey bc if una no be chicken,una fall mak enquiries b4 una ship in 450megawat 4 gana wen naija stil dey 4 d ages of shouting up nepa

why don't you just shut it already! Ghana get which constant light? Who dash monkey banana? Fact is the ghanaian complexion is a mirror of his his street at night and he has no way of makinmg it better, fact!

Wale112:


What has nigeria done with their oil and gas?

Ghana must save Nigeria

with our oil and gas, OBJ saved your economy when it was about to collapse by giving you 30000 barrels of oil for 30 days, fact! Ask John Kuffor and he will tell you how we have been saving your lazy ass all these years without trumpeting it.

With our oil and gas, we have been able to raise our literacy level from 7percent at independence to over 70 percent 50 years on.

With oil and gas, we have built infrasructures Ghana vannot even dream of not to take of actualize, fact!

With oil and gas, we have been able to build over a hundred universities and over two hundred polytechniques and colleges of education over 50 years of independence, fact!

With oil and gas, we almost unilaterally brought peace and stability to seria leone and liberia and today, they have a back to back democratic transition, fact!

With our oil and gas, we have been able to put into orbit 5 sattelites one of which provides images for your own country Ghana to make her policies which will always be flawed, fact!

With oil and gas, we built a nollywood from nothing into an industry that not only sells culture and tell the african story, but is big enough to contribute over 5percent to our GDP thats over 25bn dollar!, fact!

We created a nollywood that not only inspired but instituted and set up your epileptic and por nographic GULLYwood the same way your colonial masters Britain instituted and formed your civil service when they civilized you, fact!

Obinoscopy:
Really? I thought Ghana was talking about exporting power to Nigeria. Why are they now relying on Turkey?

ghana cant even clean the sheet on their own azz and they are talking about exporting that which they don't have. Ghana's streets are a reflexion of their complexion, fact! (no matter how much megawatt they generate, their complexion will over shadow the light, fact! I think Ghanaians shouldn't expect so much from their country.

Please dont kill our ghanian junior brothers on NL

craziebone:


with our oil and gas, OBJ saved your economy when it was about to collapse by giving you 30000 barrels of oil for 30 days, fact! Ask John Kuffor and he will tell you how we have been saving your lazy ass all these years without trumpeting it.

With our oil and gas, we have been able to raise our literacy level from 7percent at independence to over 70 percent 50 years on.

With oil and gas, we have built infrasructures Ghana vannot even dream of not to take of actualize, fact!

With oil and gas, we have been able to build over a hundred universities and over two hundred polytechniques and colleges of education over 50 years of independence, fact!

With oil and gas, we almost unilaterally brought peace and stability to seria leone and liberia and today, they have a back to back democratic transition, fact!

With our oil and gas, we have been able to put into orbit 5 sattelites one of which provides images for your own country Ghana to make her policies which will always be flawed, fact!

With oil and gas, we built a nollywood from nothing into an industry that not only sells culture and tell the african story, but is big enough to contribute over 5percent to our GDP thats over 25bn dollar!, fact!

We created a nollywood that not only inspired but instituted and set up your epileptic and por nographic GULLYwood the same way your colonial masters Britain instituted and formed your civil service when they civilized you, fact!

Mr. jerry rawlings ruled for many many years and could not build a standard country.

OXYGEN011:
The complexion of nigerians can never make a light stable for more than 2 hrs.The complexion of nigerians is like midnight no wonder they don't care whether they sleep in darkness of not.FACT.nigerians are much much ugly like apes.Fact.nigerians smell like poo.FACT

you are now given us two hours of light, not the usual no light at all. That shows you are making progress.

And no, Nigerian's complexion is like "mid-night". We are BLACKS whlie Ghanaians are DARKNESS, fact!

We are ugly yet, we became Miss world. Where was your handsome Ghanaian female model?


we smell like poo yet, nadia and Yvonne Nelson can't stay off our Men! Bwahahaha

As I throw my head back and laugh, no one is holding back outchea!!

Wale112:



yes its better than using generator in 2014

definitely!

Big ups to Ghana. How innovative!

craziebone:


fact is, there is no light in the whole of Ghana and you dont use generators because you cannot buy one. That we use generator is one reason to show that we can leave on our own and depend on no one else. Take the feeding bottle away ufrom the mouth of ghanaians, and they will die like helpless children.

With generators, we have built the largest economy on the continent, fact!

With generators, we have built infrastructures better than any ghanaian is capable of building, fact!

You are most certainly right. The only thing is...at this ppint,you have the biggest economy in Africa. You shouldn't have a power problem anymore. African leaders are just not good enough in most times.