The plant located at Aboadze, 17km east of Sekondi-Takoradi has a current capacity of 220MW, while the expansion project will increase the capacity of the facility by more than 50% to 340MW.
Upon completion of the expansion project of the natural gas-fired plant, almost 15% of Ghana’s generation capacity will be taken care and electricity will be provided to over one million people.
The Abu-Dhabi state-owned company has secured all the relevant approvals from the government of Ghana and completed the project financing arrangements in January 2013.
The expansion project will be carried out by Japan-based Mitsui & Co and Korean company KEPCO E&C.
TAQA chief executive officer Carl Sheldon said, "By deploying a world-class combined cycle turbine in Takoradi, we are helping Ghana to meet its growing energy needs while increasing the efficiency of the electricity generation system."
Financing for the expansion is being provided by the International Finance Corporation (IFC), a member of the World Bank Group, and a consortium of international development finance institutions led by FMO.
The plant is scheduled for commissioning in the fourth quarter of 2014.
TAQA owns 90% interest in the Takoradi 2 plant, while the remaining 10% interest is held by Volta River Authority (VRA), the main generator of electricity in Ghana. TAQA is the operator of the facility.
