January 28, 2019//-Ghana today unveiled its fourth biggest power plant built in Hungary under the first stage of the 400+ Megawatt (MW) Bridge Power project in Tema.
The arrival of the $70 million-worth of GE turbines would increase the country’s available installed power capacity from 2,400 MW to 2,800 MW.
The project would bring additional fuel diversity and security through its liquefied petroleum gas (LPG) import, storage, and transportation infrastructure.
Hungary has further supported the project with financing through the Hungarian Export Import Bank (HEXIM) under the stage two of the project.
Unveiling the fourth biggest plant after Akosombo, Kpone and Bui dams, the Ambassador of Hungary to Ghana, András Szabó, said the arrival of these turbines marks a milestone in the budding trade and investment relationship between Ghana and Hungary.
He continued that recognising the great potential mutual benefits, Hungary reopened its embassy in Ghana after a 30-year absence.
A priority task of the embassy is to stimulate the exchange of information and to deepen cooperation between Ghanaian and Hungarian companies, especially in energy, water management, information technology, project waste management, construction, agriculture, and food processing, according to Mr Szabó,
Hungary is committed to supporting government’s goals for industrialisation, leading to the creation of jobs, he assured.
Bridge Power is sponsored by Early Power Limited (EPL) consortium, comprising Endeavor Energy, a leading independent power development and generation company focused on Africa; Sage, Ghana’s own indigenous trading firm; and General Electric (GE).
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