Built to inform

Sign up for the daily newsletters

No, Thank you

Asian JV bags $260m deal to enlarge Taqa plant

Takoradi 2, a 90% Taqa-owned facility, adds 110MW in 50% expansion

The fully-fledged 330MW plant is due be commissioned in 2015.
The fully-fledged 330MW plant is due be commissioned in 2015.

The UAE's energy company Taqa has secured approval from Ghana's parliament to convert the Takoradi 2 (T2) power plant into a combined cycle power plant.

Japan's Mitsui & Co. and Korea's KEPCO have been awarded the $260m EPC contract for the project, which is set to increase the plant's production capacity by 50% - from 220MW to 330MW.

The T2 power plant is owned by Takoradi International Company (TICO), a joint venture split 90:10 between Taqa and Ghana's electricity supplier Volta River Authority (VRA). The expansion is being part-financed with $355m by the IFC and other international institutions.

The expanded plant is expected to be commissioned in 2015 - at which point energy will be sold by Taqa as operator to VRA under a revised 25-year purchase agreement.


Most popular


Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can


Construction Week's Leaders Kuwait 2019 summit kicks off today
More than 100 decision-makers from Kuwait's construction industry to convene at conference in Kuwait City
HKA: Volume of construction disputes to stay consistent in 2019
EXCLUSIVE: Consultancy’s Michael McSorley talks about methods to avoid and ‘speedily resolve’ construction disputes

Latest Issue

Construction Week - Issue 751
Oct 13, 2019