Summary

A 30-50 MW renewable energy facility near ECG's Dawhenya substation in Tema, phased in over its first months of operation, supplying ECG under a 15-year energy-only PPA signed 27 November 2007 (reviewed/renewed every 5 years). The energy charge is 7.0 US cents/kWh or the PURC Bulk Generation Tariff if higher, capped at 10 US cents/kWh for the first 10 years, with under-consumption/under-supply penalty adjustments and a take-or-pay obligation.

Key terms

Offtaker

Electricity Company of Ghana (ECG)

Signing date

2007-11-27

Financial close

—

Commercial operation

—

Contract end

2022-11-27

Contract duration

15 years

Contract status

Active

Tariff structure

Energy-only

Capacity charge

—

Energy charge

USD 7.0000/kWh

Key risk features

Take-or-pay

Indexation formula

Flat USD rate of 7.0 US cents/kWh (or the PURC Bulk Generation Tariff if higher), capped at 10 US cents/kWh, for the first 10 years; renegotiated with PURC and ECG thereafter, with no stated floor. Paid in USD or its cedi equivalent at the prevailing Interbank rate; no hedging mechanism.