Siemens and Rotan Power have signed a memorandum of understanding (MoU) to develop and build a combined cycle power plant with a capacity of 660 megawatts (MW) at the Aboadze Power Enclave located in the western region.

The MoU was signed today, 14 December 2017, in the presence of Brigitte Zypries, the German Federal Minister of Economics and Energy, Dr Mahamudu Bawumia, Ghanaian Deputy President.

The plant will be the most efficient and environmentally friendly thermal plants, setting new standards in sub Saharan Africa.

It will be built in two phases, with commercial operations date of the first phase scheduled for 2023 with the second phase scheduled for 2025.

The German Export Credit Agency and Euler Hermes are set to provide financing for the project, which would be the largest plant in Ghana.

“This project underlines the strategic partnership between Germany and Ghana and underpins the engagement of Siemens as leading global technology company in Africa. Together we will provide electricity to more than five million Ghanaians unlocking the economic potential by using power as a catalyst for socio-economic development,” says Sabine Dall’Omo, Siemens Sub-Saharan Africa Chief Executive Officer.

“Rotan is delighted to partner with Siemens in deploying the first F-Class turbine in sub Saharan Africa with the lowest generation cost among thermal power producers in Ghana. Together with Siemens we will power the country and further improve access to electricity for our population. Furthermore the partnership will enable us to leverage skills transfer and training for Ghanaians,” says Kofi Morna, Rotan Power Chairman.