Ghana: Endeavor, GE, Finagestion plan LNG import scheme
Issue 277
- 17 May 2014
| 2 minute read
Private equity firm Denham Capital’s Africa-focused independent power company Endeavor Energy has signed a joint development agreement with GE and France’s Finagestion to develop the Ghana 1000 Project gas-to-power initiative to deliver more than 10GW to the grid. The first phase of the project, which will include the construction of a floating storage and regasification unit for the importation of liquefied natural gas (LNG), will produce 360MW in simple cycle mode by early 2017, according to a joint statement from the companies. When fully complete in early 2018, it will generate more than 540MW in combined cycle mode.
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