Urgent.News

What's breaking now, across thousands of outlets.

Business

Government to sign 1,200MW gas power deal before end of 2026 – Mahama

President John Dramani Mahama has announced plans for Ghana to build a 1,200-megawatt (MW) state-owned gas-fired thermal power plant, which would become the country's largest single power facility if completed as planned. The President said the government intends to sign an agreement for the project before the end of 2026. He made the announcement during a town hall meeting with the Ghanaian…

Government to sign 1,200MW gas power deal before end of 2026 – Mahama

President John Dramani Mahama announced plans for Ghana to build a 1,200-megawatt gas-fired thermal power plant, which would be the country's largest single power facility. The state-owned plant, set to become operational before the end of 2026, would surpass the Akosombo Hydroelectric Power Station in installed capacity. The decision to expand the country's power generation capacity is driven by the evolving global energy landscape, including the shift towards renewable energy and the increasing use of electric vehicles.

Mahama stated that the government aims to avoid investing in power assets that may become obsolete as the energy mix changes. Some Independent Power Producers previously considering suspension of power generation are now inclined to invest in the new capacity. However, Mahama expressed preference for government-developed state-owned generation.

He also highlighted the reorganization of the Electricity Company of Ghana to prioritize payments to power producers, stabilizing the electricity supply. Additionally, Mahama linked the thermal expansion to the growing investment in Ghana's oil and gas sector, noting a 38% increase in oil production since 2025 following investments by local and international producers.

Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 2 other outlets

Read the original at myjoyonline.com →

More in Business

More from Sunday 27 September →