Summary

A 350 MW dual-fuel combined-cycle plant in Aboadze, supplying ECG under a capacity-and-energy PPA signed 13 October 2014 running 20 years from commercial operation. The tariff combines a fixed per-kWh capacity charge with a gas-price-linked energy charge, 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

Capacity Charge components (0.0340 + 0.0234 US$/kWh) fixed for the Term, no CPI escalation. Energy Charge tracks the actual natural gas price, fixed quarterly under the Gas Supply Agreement and passed through the tariff by PURC. USD tariff paid in Cedis via a Seller-sourced quarterly Hedged Exchange Rate communicated to and accepted by PURC.