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

" Ghana to settle on nuclear power plant vendor by end of 2024 \r\nThe\u00a0Ministry of Energy\u00a0has announced that Ghana will by the end of 2024, select a vendor for the establishment of the country\u2019s first nuclear power plant, expected to be operational by 2030.\r\n\r\nDr 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).\r\n\r\nIt 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).\r\n\r\n\u201cWe\u2019re 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,\u201d Dr Sogbadji said.\r\n\r\n\u201cSo, by 2030 or 2032, we would have advanced strongly towards meeting net zero and meet energy transition goals,\u201d he said.\r\n\r\nOn the country\u2019s 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.\r\n\r\nHerbert Krapa, Deputy Minister of Energy, said the country\u2019s energy transition agenda was on course, with a clear strategy to rake in more investments in that regard.\r\n\r\nTo 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.\r\n\r\n\u201cWe\u2019re also looking at attracting green guarantees [concessional capital] from the private sector, patient caption, grants, and philanthropic funds to be able to transition,\u201d the Deputy Minister said.\r\n\r\nKrapa stated that the government was \u201cscaling up the domestic currency, and that, together with carbon capture utilisation technology, electronic vehicles, which will contribute to about 40% decolonisation, green hydrogen \u2013 12%, to catch up with the transition pathway we\u2019ve developed for ourselves.\u201d\r\n\r\nKwame Jantuah, chairman, Oil and Gas sector,\u00a0Association of Ghana Industries, called for a fine balance between conventional (hydro), solar, and nuclear power for sustainable electricity for households and businesses.\r\n\r\n\u201cWe should have a policy where we\u2019ll 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,\u201d he said.\r\n\r\n\u201cWhen that happens, the extra that the residential users produce can be added to the mix for export.\r\n\r\nJantuah 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.\r\n\r\n\u201cThe moment it goes under the presidency, then you\u2019ll see politics coming in,\u201d especially at a time when there is high interest from countries like France, the United States of America (USA), Russia, and China.\r\n\r\nGhana 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\u2019s industrialisation agenda.\r\n\r\nThe 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."

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

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