The Ghana 1000 LNG-to-Power Project, sited in Aboadze in the Western Region of Ghana, is a 1,300 MW combined cycle gas turbine power plant to be fuelled primarily by natural gas imported as liquefied natural gas (LNG), which will be stored and re-gasified via a floating storage and regasification unit (FSRU).
Project sponsors are US-based Endeavor Energy and General Electric, France-based Eranove (formerly Finagestion), and Ghana-based Sage Petroleum. The sponsors have incorporated the Ghanaian entity, One Energy Limited, to manage the execution of project development and operation.
Phase 1 will consist of two 375 MW blocks for a total of 750 MW, a 138,000 m3 Floating Storage and Regasification Unit (FSRU), and LNG Infrastructure to support the import of liquefied natural gas
Ghana 1000’s Sponsors have built a consortium of class-leading organizations to deliver a high quality, integrated solution:
Endeavor is a co-lead sponsors for the Project and supporters of Power Africa. Endeavor, a portfolio company of Denham Capital, a private equity fund with ~$8 B under management, is also a Strategic Advisor to the World Bank?s Global Infrastructure Facility.
GE is a co-lead sponsors for the Project. GE operates in 7 primary divisions namely Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Home & Business Solutions and Capital. Ranked 9th on the Fortune 500 list with $146B of Revenue, $650B of assets and over 300,000 employees globally, GE has been doing business in Ghana since 1963 and currently employs over 40 in country
Eranove, operator of the CIPREL plants in Cote d?Ivoire and a portfolio company of ECP Investments, is an equity partner and will operate and maintain the Ghana 1000 power plant.
Sage, Ghana’s largest licensed oil trading company, is an equity partner and will assist Ghana 1000 in managing its fuel requirements from all available sources.
Shell, global leader in LNG supply, will provide flexible LNG supply at competitive prices.
Excelerate, global leader in FSRU solutions, will provide and operate Ghana 1000?s FSRU vessel.