Ghana: PPA signed for Bridge Power

The Early Power consortium of Denham Capital’s Endeavor Energy, Ghanaian energy trader Sage Petroleum, and General Electric (GE) announced on 25 October that it has signed a 20-year power purchase agreement (PPA) with the Electricity Corporation of Ghana (ECG) for its two-phase 400MW Bridge Power project at Tema. The signing follows parliamentary approval for the deal and includes the option for a five-year extension. Power will be sold to ECG at $0.124/kWh. Bridge Power, which will be the largest liquid petroleum gas (LPG) plant in the world when complete, according to Endeavor, will be developed in phases.