The much awaited 225 Megawatt Karpower barge has been connected to the national grid, producing 220 megawatts of electricity to Ghanaian households and industries - an official statement from the company, Karpower has revealed.
The Powership is expected to generate high voltage electrical energy at one of the lowest prices for thermal power generation. The two Powerships will initially use the economic and abundant Heavy Fuel Oil (HFO) to generate electricity but will have the ability to convert to Natural Gas.
Currently, Karpowership owns and operates more than 1800 MW installed capacity globally. Powerships are contracted to supply 15% of Iraq’s, 27% of Lebanon’s, and of Zambia’s total electricity generation. In addition to the 10-year 450 MW Power Purchase Agreement in Ghana, the company has also been awarded a 540 MW Power Purchase Agreement in Indonesia.
Ghana’s erratic power supply is feared to have caused the nation a great deal of loss considering the huge losses accrued by several businesses and the subsequent layoffs in that regard.