Loading grant details…
CADFund pledges USD 1.5 billion loan for 2×350MW supercritical coal-fired power generating plant and coal handling terminal in Ekumfi District
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | China-Africa Development Fund (CADFund) |
| Country | Ghana |
| Start Date | Jan 01, 2016 |
| End Date | Sep 28, 2026 |
| Duration | 3,923 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 72805 |
Grant Description
CADFund pledges USD 1.5 billion loan for 2×350MW supercritical coal-fired power generating plant and coal handling terminal in Ekumfi District In 2016, China-Africa Development Fund (CADFund) agreed in principle to provide a USD 1.5 billion long-term loan facility for the construction of a 2×350MW supercritical coal-fired power generating plant and coal handling terminal in Ghana.
It is unclear whether CADFund ever formally committed these funds or signed any additional financial documents for this project. The project site is located within of Ekumfi Aboano Area and is proposed to cover an estimated area of 139 hectares.
The project would influence areas including Ekumfi Aboano community, Ekumfi Kontankure Settlement, Ekumfi Estibeedu community, and Ekumfi Otuam community within the Ekumfi District Assembly area.
This project is to be undertaken by the Volta River Authority (VRA) and Shenzhen Energy Group Company Limited of China (SEC).
Shandong Electric Power Engineering Consulting Institute and CCCC-FHDI Engineering Company have completed feasibility studies for the project. GRIDCo has also completed the preliminary grid impact study for the project. This project was originally expected to commence in April 2017.
However, construction has not yet begun and it is unclear if CADFund’s loan pledge ever materialized into an official loan commitment.
Sources & References
- 2x350 MW SUPERCRITICAL COAL-FIRED POWER PLANT - ENVIRONMENTAL & SOCIAL IMPACT ASSESSMENT
- PROPOSED 2x350MW SUPERCRITICAL COAL-FIRED POWER PLANT
- VRA Engages Senior Journalists on Proposed Clean Coal Power Project
- Proposed coal plant to cost US$1.5bn
- Report: China plans to build 700-MW coal plant in Ghana
- Chinese energy group to build 1,200 MW coal fired power plant in Ghana
- Chinese Ambassador to Ghana H.E. Mdm. Sun Baohong published a signed article on Belt and Road Initiative
- Coal power plant establishment is another ‘devil’ to Ghana Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
China-Africa Development Fund (CADFund)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
