USTDA Provides Technical Assistance for Power Africa Project in Ghana
May 18, 2016
(USTDA)
Accra, Ghana – Today, the U.S. Trade and Development Agency awarded a $704,815
grant to Home Energy Africa Limited, a Ghanaian solar power developer, for
technical assistance that will help bring a 100-megawatt solar power
photovoltaic (PV) project in the village of Nyimbale-Sankana, Ghana towards
financial close.
“Lack of power is a challenge we see across sub-Saharan Africa. Two out of three
people in this region lack access to electricity. That hinders business, and it
hinders prosperity. We’ve made increasing access to power one of the top
priorities for our bilateral relationship. Today’s grant is just one more way
we’re bringing together government and the private sector to make Ghana’s future
brighter,” stated the U.S. Ambassador to Ghana, Robert P. Jackson, who signed
the grant on behalf of USTDA along with President and CEO of Home Energy Africa,
Charles Sena Ayenu.
“One of Ghana’s paramount constraints to sustainable economic growth is the
country’s inadequate electric power supply. This grant will support us in
bringing our solar power PV project to financial close in order to fill the gap
in power supply, meet Ghana’s goals for clean and sustainable energy, help
create over 200 jobs to local communities and provide electricity to at least
80,000 average homes in Ghana,” said Mr. Ayenu.
Home Energy Africa has selected GreenMax Capital Advisors (Brooklyn, N.Y.) to
carry out the technical assistance. This will include preparation for power
purchase agreement negotiations, services contracts and financing arrangements.
Implementation of the project will support the Government of Ghana in achieving
its target of 5,000 MW of installed generation, including 10 percent from
renewable sources.
USTDA’s partnership with Home Energy Africa supports the goals of Power Africa,
a U.S. government-led initiative to increase electricity access across
sub-Saharan Africa.
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