• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Ghana to settle on nuclear power plant vendor by end of 2024

2 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
71
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana to settle on nuclear power plant vendor by end of 2024

The Ministry of Energy has announced that Ghana will by the end of 2024, select a vendor for the establishment of the country’s first nuclear power plant, expected to be operational by 2030.

Dr Robert Sogbadji, deputy director of power (Nuclear and Alternative Energy) made this disclosure on the sidelines of a policy dialogue to mark World Sustainable Energy Day in Accra on Tuesday (5 March).

It was organised by the Centre of Excellence in Public Utility Regulation (CEPUR), a brainchild of the Public Utilities Regulatory Commission (PUCR) and the Ghana Institute for Management and Public Administration (GIMPA).

“We’re currently in phase two of our nuclear power programme, and by the end of this year, we should be able to announce our vendor company to build our first nuclear power plant, which we foresee to be in the energy mix by 2030,” Dr Sogbadji said.

“So, by 2030 or 2032, we would have advanced strongly towards meeting net zero and meet energy transition goals,” he said.

On the country’s US$561.9 billion financing requirement for energy transition, Dr Sogbadji said the government had outlined a strategic plan to get about 46% from the private sector.

RelatedPosts

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

Herbert Krapa, Deputy Minister of Energy, said the country’s energy transition agenda was on course, with a clear strategy to rake in more investments in that regard.

To that effect, he said the country had developed pipeline projects, such as 2,000 megawatts of solar and wind energy to attract the required financing from various investors.

“We’re also looking at attracting green guarantees [concessional capital] from the private sector, patient caption, grants, and philanthropic funds to be able to transition,” the Deputy Minister said.

Krapa stated that the government was “scaling up the domestic currency, and that, together with carbon capture utilisation technology, electronic vehicles, which will contribute to about 40% decolonisation, green hydrogen – 12%, to catch up with the transition pathway we’ve developed for ourselves.”

Kwame Jantuah, chairman, Oil and Gas sector, Association of Ghana Industries, called for a fine balance between conventional (hydro), solar, and nuclear power for sustainable electricity for households and businesses.

“We should have a policy where we’ll say that a lot of residential users should have solar panels, which will cut down the cost of conventional, then we move the conventional to the industry before we add nuclear,” he said.

“When that happens, the extra that the residential users produce can be added to the mix for export.

Jantuah said it was important for the vendor selection to be left in the hands of the nuclear energy body, rather than being under the Office of the President.

“The moment it goes under the presidency, then you’ll see politics coming in,” especially at a time when there is high interest from countries like France, the United States of America (USA), Russia, and China.

Ghana is looking at a large reactor (1,000-1,200 megawatts) and a small modular reactor (about 300 megawatts) for its nuclear power plant, which is to serve as a clean baseload for the country’s industrialisation agenda.

The plant is to produce affordable electricity in a safe and environmentally friendly manner for socio-economic development and in line with the Sustainable Development Goals (SDG) seven and 13.

Source: GNA
Via: norvanreports
Tags: Ghana to settle on nuclear power plant vendor by end of 2024nuclear power
No Result
View All Result

Highlights

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Trending

Banking & Finance

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

October 7, 2025

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor Governor of the Bank of...

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.