wpid-Power-station.jpgACCRA, Aug.15 ?– A Chinese electric company, Shandong Electric Power Construction Corporation (SEPCOIII), has promised to enter the Ghanaian market and assist the government to meet its power generation target, a release issued here?on Thursday?by the Ministry of Energy and Petroleum announced.
?? Zhang Huanxiang, Vice-President and Chief Engineer of the company, made this promise here?on Wednesday?during a meeting with Ghana?s Minister for Energy and Petroleum, Emmanuel Armah-Kofi Buah.
?? The West African cocoa, gold and oil producer targets to expand its generating capacity to 5000??Mega Watts (MW) by 2016 through a mix of gas and steam-powered thermals, hydro-generation and renewable energy sources.
?? ?We chose Ghana because of its political stability and hospitality which is noted worldwide,? Zhang explained.
?? Since its inception in 1985, the Chinese company has installed 29,000 MWs of power with single unit capacity ranging from 12 mw to 1000 mw and also has the highest annual average installed capacity in the Chinese electric power sector.
?? Welcoming the delegation, the energy minister expressed excitement about the choice of Ghana by the company as its investment destination, promising a congenial business environment.
?? ?Ghana is on course to achieve the targeted power generation capacity of 5000 megawatts by 2016,? ?Buah stated.
?? He added that the country was also on course to achieve gas-based generation for 80?percent of the thermal power plants by 2015.
?? With the increase in electricity demand, the country has to add about 200 MW of power every year for the next 20 years, added Buah.
?? ?It is in recognition of this that the government is creating the environment for independent power producers to come in their numbers,? the minister explained.? Enditem.

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