Ghana to invest $200m in nuclear power readiness programme
Ghana will invest $200 million in a 24-month programme to prepare the country for the construction of its first nuclear power plant. The post Ghana to invest $200m in nuclear power readiness programme appeared first on Ghana Business News .
Ghana plans to invest $200 million over a 24-month period to prepare for the construction of its first nuclear power plant, starting from January 2027 to December 2028. The initiative, led by Minister of Finance Dr Cassiel Ato Forson, aims to secure an engineering, procurement, construction, and financing contract for the state-owned facility.
The readiness program will focus on site selection, technology choice, environmental assessments, financing, licensing, safety measures, and safeguards. Despite not guaranteeing electricity generation by 2028, the readiness program will prepare Ghana for a fully owned nuclear power base load plant. The plant, expected to be a strategic national asset, will not operate under an Independent Power Producer arrangement.
International partners will provide technology, financing, engineering, and specialist services, while the government retains ownership. Additionally, the government plans to train over 2,000 Ghanaian scientists to develop local expertise for the nuclear power program. The site of choice for the plant is Nsuban in the Western Region, with Obotan in the Central Region as an alternative.
Ghana intends to integrate the first nuclear power plant into its national electricity generation mix by 2030, complementing existing hydropower and thermal generation. Other investments include a 600-megawatt solar plant with battery storage and a 1,450-megawatt thermal power plant. These investments aim to phase out emergency power plants by December 2030, modernize the transmission network, and reduce electricity costs.
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