Ghana’s second-largest state power generation company, Bui Power Authority (BPA), is scouting for potential investors who can partner with them to achieve its net-zero targets through investment in renewable energy projects.
BPA operates a 45-kW mini-hydro power station at Abehenease, Alavanyo, in the Volta Region, 400 Megawatts Bui Hydro Power Plant, one Megawatt Floating Solar and also installing 250 Megawatts peak solar PV in phases with 50MW peak already completed and connected to the national grid.
The Authority is also considering exploring the development of wind energy and mini-hydropower projects on some identified river resources in the West African nation.
Speaking at the just-ended Powering Africa Summit in Washington DC, USA, on the theme: ‘Capital Flows Underpinning the Energy Transition’, the Chief Executive Officer of BPA, Samuel Kofi Dzamesi said the Authority is seeking partnerships to develop additional solar power plants which would be tied to the development of hydro in Ghana.
The investment, he said, would help to develop solar projects and hydropower to verify the country’s energy sources.
Mr. Dzamesi assured potential investors that their investment with the Authority would be secured, stating that the Authority does not renege on its contractual obligations.
“It is good to know that up till now, all the contracts we have signed with investors, we have not defaulted. We have paid on time so we are looking for more investors to partner with us,” he said.
He said investing in the solar sector in Ghana would help diversify their investment portfolios and generate better returns on their investment.
The Powering Africa Summit, organised by EnergyNet Limited, started in 2015 and is tailored to support stakeholders of the US Government by bringing together institutional investors, private financiers, and service and technology providers from North America and Africa with ministerial and governmental participation from countries across Africa to drive energy developments on the continent.
Source: https://energynewsafrica.com
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