President Nana Akufo-Addo has inaugurated the Bridge Power Plant, a 200MW combined cycle power facility in Kpone, located in Greater Accra’s Heavy Industrial Area.
The plant, developed by Early Power Limited, is powered primarily by natural gas and is designed to be one of Ghana’s most operationally flexible combined cycle facilities.
Supplied with five TM2500 aeroderivative gas turbines by GE Vernova, the Bridge Power Plant represents a critical milestone in Ghana’s energy sector.
It is expected to increase the country’s thermal power generation capacity by 7% and enhance energy security, reliability, and accessibility nationwide.
The $1.2 billion project is the first phase of a planned 515MW power facility, further underscoring Ghana’s commitment to meeting growing energy demands.
Stage 1, now operational, includes five gas turbines, five once-through steam generators, a steam turbine, and associated infrastructure. The second phase, scheduled to deliver 315MW, is projected for completion in 2029.
The plant employs a combined cycle configuration that captures waste heat to generate additional electricity, delivering up to 50% more energy efficiency compared to traditional single-cycle plants.
The facility’s reliance on natural gas aligns with Ghana’s strategy to optimize its 350 million standard cubic feet of daily gas usage, primarily for power generation, despite the high cost of over $7 per thousand standard cubic feet.
The project operates under a 25-year Power Purchase Agreement (PPA) with the Electricity Company of Ghana (ECG), backed by a Put Call Option Agreement (PCOA) with the Government of Ghana.
These agreements, approved in 2016, mark the first use of this innovative financing model in Ghana, ensuring the project’s financial viability and risk mitigation.
The Bridge Power Plant was constructed by Metlen, formerly Power Projects Sanayi Insaat Ticaret Limited Sirketi, and completed in July 2024.
It is owned and developed by Endeavor Energy, a US-based independent power producer, and Andaris Energy Limited, a Ghanaian energy investment firm.
Endeavor Energy, founded in 2013, focuses on meeting baseload energy demands in West Africa through Just Energy Transition programs.
Alongside co-sponsors, the company has invested $1.2 billion in Ghana’s energy sector, including the 200MW Amandi TCE Power Plant in Takoradi.
The Bridge Power Plant’s inauguration marks a significant step forward in strengthening Ghana’s energy infrastructure and economic growth, setting a benchmark for future energy projects in the region.
