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Business News of Friday, 28 April 2017

Source: rainbowradioonline.com

President Akufo-Addo cuts sod for 400MW bridge power project


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As stated in the State of the Nation Address, President Akufo-Addo indicated that his government has commenced actions that will improve transparency in tariff setting, adding that “we aim to introduce very soon a new tariff policy that will reclassify consumer categories in order to protect lifeline and strategic industrial consumers.”

The President assured the private producers of this project that Ghana will be a great place to do business under his watch, indicating further that the sector ministers will work with the private producers to address any challenges that may arise during the implementation of the project.

“It is my expectation that they will be able to address these challenges satisfactorily, for they are all very competent in their domain, but, if, indeed, it becomes necessary, which I hope it will not, to go higher up the chain of authority, I want you to know that my doors will always be open.

I do, on the other hand, insist that, on your part, you play according to the rules and regulations of the sector and the country as a whole,” he added.Whilst pledging to make electricity available under his administration, President Akufo-Addo urged Ghanaians to make sure that electricity is used efficiently.

“Turn off the lights when you leave a room. Switch off fans when not needed. Iron your clothes in bulk. These are just a few, simple actions we can all take.

Not only will you be saving money for yourself, but these habits are acts of citizenship and common humanity. For the industrial customers, I urge you to use energy efficient machinery and equipment at your facilities. These human attitudes prove that, even when you have power, you care enough to save what you do not need so others, too, may have,” he added.

About Bridge PowerBridge Power is a 400 Megawatt (MW) greenfield power and liquefied petroleum gas (LPG) import, storage, and transportation infrastructure project that will be located in Tema near the Tema Oil Refinery (TOR).

The project will be capable of being fueled by LPG, natural gas, and diesel.

Stage 1 will use five GE TM2500+ gas turbines and one purpose-built GE steam turbine in a combined cycle gas turbine (CCGT) configuration that will collectively generate 200 MW of power. Stage 2 will add another 200 MW through four GE LM6000 gas turbines and one purpose-built GE steam turbine, again in a CCGT configuration.

Together, this will amount to over 17 percent of Ghana’s reliable generation capacity.

Bridge Power is being developed by the Early Power Limited (EPL) consortium, made up of Endeavor Energy, a leading independent power development and generation company focused on Africa; Sage, a leading independent Ghanaian energy trading firm; and GE (General Electric), the world’s premier digital industrial company.

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