The government, through the 24-Hour Economy and Accelerated Export Development Secretariat, has signed a Memorandum of Understanding (MoU) with ATRI Energy Transition Private Limited, an India-based firm specialising in renewable energy and mobility solutions.

The agreement is expected to pave the way for the creation of approximately 160,000 direct and indirect jobs under a new renewable energy partnership aimed at supporting round-the-clock economic activity.

Speaking at the signing of the MoU in Accra on March 5, 2026, the Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, noted that the agreement represents the first in a series of joint development arrangements expected to deliver up to 2,000 megawatts of renewable energy into Ghana’s national grid over the next five years.

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He explained that the initiatives would include the development of about 40,000 hectares of grass plantations, the establishment of solar parks, the creation of agro-ecological zones, and other value chain activities linked to energy and transport infrastructure.

He added that the projected jobs would come from several large-scale projects planned under the partnership.

Tanoh further noted that the programme had set cost limits for electricity generation to ensure affordability for businesses operating within the 24-hour economic framework.

“These initiatives are targeting structured, affordable, and sustainable power for the multi-economic corridor under the 24-hour economy programme. Our tariff regime mandates that if the system includes battery storage, we cap the cost at seven cents per kilowatt-hour. Without storage, we aim to keep the cost within four to five cents, which is significantly lower than the current average of about 15 cents,” he said.

For his part, the Founder of ATRI Energy Transition Private Limited, Sammidi Kishore, expressed confidence in the partnership with Ghana.

He emphasised that ATRI seeks to establish a 20-tonne-per-day biofuel plant, develop a 100-megawatt solar installation, and roll out mobility initiatives, including the conversion or deployment of between 500 and 1,000 electric buses within the next 24 months.

He added that the partnership also offers an opportunity to harness the agricultural and hydrological potential along the Volta Basin to support industrial-scale biofuel production.

SP/MA

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