Developed by Blue Energy, a UK-based renewable energy investment company, the Nzema project in Ghana will be ultimately be able to provide electricity to more than 100,000 homes.
Construction work on the $400 million plant is due to begin within the next 12 months, with the developers optimistic that finance will be confirmed within half of that time. Upon completion, the 155 megawatt plant will increase Ghana’s generating capacity by six percent.
A key element in helping the project get the go-ahead has been Ghana’s renewable energy law, under which the plant has been awarded a feed-in tariff for 20 years.
