METKA: New EPC project for fast-track LPG power plant in Chania

METKA S.A. is pleased to announce the signature of a new EPC contract with Early Power Limited (EPL), Consortium consisting of Endeavor Energy, a leading independent power development and generation company focused on Africa, Sage, a leading independent Ghanaian energy trading firm, and General Electric, for a new power plant in Ghana. The contract signature took place on 22 June 2017.

The Bridge Power project (stage 1) will be executed by METKA through its 100% subsidiary Power Projects Limited, and its scope includes the engineering, procurement, construction and commissioning of a 200 MW power project with 5 General Electric Gas Turbines type TM2500+, 5 Once Through Steam Generators and 1 custom-built steam turbine in combined cycle (CCGT) configuration, located in Tema, 16 miles east of Accra. The plant will be capable of being fueled by LPG, Natural Gas and Diesel. The project scope includes, extensive infrastructure works for LPG transportation from the nearby Tema refinery and the Tema port as well as LPG storage facilities of 13.600m3.

Bridge Power is a transformational power project for Ghana, as it will rapidly add strongly needed generation capacity to the country. Additionally, Bridge Power will not only diversify Ghana’s current fuel mix through secure, lower-cost LPG supply, but will also create a positive long lasting impact on Ghana with the ability to use the LPG infrastructure for other markets in the country.

The contract value for METKA is approximately 363$ million.

This is METKA’s third major project in Ghana, and emphasizes the company’s commitment to become a leading player in the sub-Saharan Africa power market.

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