Ghana mission to China to secure funds for 400-MW Bui

A �high-powered� delegation from Ghana is in China to sign a financing agreement for construction of 400-MW Bui Dam, Ghana’s president announced.

In his state of the nation address February 8, President John Agyekum Kufuor outlined the efforts of his administration to secure sufficient electricity to end load shedding that has burdened the African nation for six months.

Kufuor said the problem of inadequate electricity supplies has �crept up� on the nation since the construction of the 1,062-MW Akosombo project on the Volta River.

�With it, the whole nation was lulled into believing that the dam will be an inexhaustible source of power,� he said. �The first signs that this belief was na�ve appeared toward the mid-1980s when the nation suffered the first load shedding from Akosombo.�

The president said the government has taken short to medium-term measures, including purchases of 200 MW from Nigeria and Cote D’Ivoire via the West Africa Power Pool, plans by the Volta River Authority to build a 300-MW thermal plant at Tema, and other fast-track thermal generation.

�Additional to these ventures, the government has initiated action to build another hydroelectric dam, the Bui Dam,� Kufuor said. �As we speak there is a high-powered delegation in China to sign an agreement with the Chinese Exim Bank for assistance toward the construction of this dam, which is designed to generate 400 MW of electricity.�

In November, Ghana Energy Minister Joseph Adda said Ghana was close to finalizing a US$600 million deal with a Chinese corporation to build Bui on the Black Volta River. (HNN 11/6/06) At that time, Kufuor met with Fan Jixiang, group president of Sino Hydro Corp., which was bidding to build the dam.

The current Ghana mission to China reportedly includes Ghana’s attorney general and ministers of Finance and Economic Planning

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