Summary

A 220 MW (nominal) dual-fuel (gas/liquid) combined-cycle plant near Aboadze, supplying ECG under a 20-year capacity-and-energy PPA signed 13 October 2014 (extendable by 5 years). The tariff combines fixed and variable capacity charges with a heat-rate-based energy charge tied to gas or light crude oil pricing, and a take-or-pay obligation. Change-in-law risk is borne by ECG.

Key terms

Offtaker

Electricity Company of Ghana (ECG)

Signing date

2014-10-13

Financial close

—

Commercial operation

—

Contract end

—

Contract duration

20 years

Contract status

Active

Tariff structure

Capacity + Energy

Capacity charge

—

Energy charge

—

Key risk features

Take-or-pay Currency indexation Change-in-law protection

Indexation formula

No inflation index found for the capacity components. Gas price is fixed quarterly under the Gas Supply Agreement and passed through the tariff by PURC. The USD tariff is paid in cedis using a quarterly Exchange Rate Hedge Agreement, with the cost of the hedge also reimbursed to the Seller.