The amount, to be loaned to the state-owned power generator Volta River Authority (VRA), will be used to extend the hydro generating station switchyard at the Akosombo Dam, construct a third bulk supply point in Accra/Tema load centres and upgrade the VRA system control and data acquisition centre at Tema
It will also cover the rehabilitation of the cranes and penstocks at Akosombo generating station, the procurement and installation of modern circuit breakers and relays at Kpong hydro-generating station switchyard and supply of equipment, simulation, training modules and human capacity development.
The loan has a 30-year term of credit, 10-year moratorium, 0.75 per cent per annum service charge and a 0.5 per cent per annum commitment fee.
