Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
LNG-to-power projects have been booming from Asia to Latin America in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on. And for sellers, integrated LNG-to-power provides a guaranteed outlet for the fuel.
Tema LNG Terminal Co. received the floating regasification unit from Asia on Wednesday, paving the way for the supply of 1.7 million tons of natural gas per year for power generation sometime this quarter, Edmund Agyeman-Duah, project manager at the company, said.
The company, backed by Helios Investment Partners and Africa Infrastructure Investment Managers, began building the $350 million project about two years ago.
“Ghana can now start to service the rest of the region with fuel that is continuously growing in popularity because of the cost and the significant environmental benefits it provides,”Agyeman-Duah said.
