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The Electricity Company of Ghana has signed a power purchase agreement (PPA) to buy 50 MW of solar power for 25 years. This agreement is valued at over US$280 million.
Siginik Energy, a wholly-owned subsidiary of Episolar, will build a 50 MW ground mounted tracking solar installation, which will be the largest of its kind in west Africa, and one of the largest on the continent.
The installation is projected to create roughly 800 highly skilled jobs, including manufacturing, in the Northwest region of Ghana and Siginik expects to break ground within the next six months. Siginik and ECG intend on expanding on this initial project with a view to additional installations in Ghana, a country with ideal solar radiation and increasing power needs.
Additional information: http://www.esi-africa.com/node/14818
News date: 15/06/2012