Amandi Energy: Building a 200 megawatt power plant in Ghana
Sector: Power generation
Challenge: Like much of Sub-Saharan Africa, Ghana suffers from extreme shortages in electricity. Ghana’s robust GDP growth and increased urbanization rates have exacerbated a longstanding power supply deficit. The country’s power distribution company has been scheduling 12-hour power outages throughout the country since 2012 in order to prevent the entire power system from failing. These outages have disrupted businesses and are beginning to incite protests among Ghanaians.
Solution: OPIC has committed up to $250 million in financing to Amandi Energy Limited to support construction of a 200 MW combined cycle gas turbine power plant in Aboadze, a coastal city in western Ghana. The construction of this plant will assist Ghana in reaching its near term goals of addressing the country’s widespread power blackouts and doubling its power generating capacity to 5,000 MW.
Amandi is Ghana’s first transaction under Power Africa, the U.S. government’s initiative to increase access to power in sub-Saharan Africa.
Impact: In addition to significantly increasing Ghana’s power generation capacity, the project will create several new local jobs and introduce more advanced power generation technology into the country.
Amandi supports Ghana’s local communities by donating computers to schools and youth centers, and providing a merit-based scholarship for medical school.
This project was profiled in 2015