A subsidiary of the Ghana National Petroleum Company (GNPC), Western Power Company, has today signed an agreement with the US Maritime Administration for the provision of extra more thermal power by the year 2000.
At a ceremoney held at the Accra International Conference Centre, Mr Rodney Slater, US Secretary for Transportation signed on behalf of the US government and Mr Tsatu Tsikata, Chief Executive of GNPC signed on behalf of Western Power Company.
According to the terms of the agreement, the US will finance a 130-megawatt power plant barge being constructed by Westinghouse, a US company, for the Ghana’s Western Power Company.
The barge will be constructed in a US shipyard under a turnkey contract and installed between Effasu and Mangyea in the Western Region of Ghana. It will be fueled by natural gas from the Tano fields development project which is being financed by the Exim Bank of US to the tune of $300 million. The installation of the barge, for which the US government is contrubting $67 million, is expected to take place in Ghana by November 1999.
Present at the ceremony were Mr William Daley, US Secretary for Commerce, Mr Fred Ohene-Kena, Ghana’s Minister of Mines and Energy and Dr J L A Abbey, Chairman of GNPC.
