Government to invest US$2 billion in energy infrastructure

The Minister of Finance, Dr. Cassiel Ato Forson, has actually revealed a US$ 2 billion financial investment in Energy Infrastructure under Pillar 3 of the New Economy Programme.

Providing the 2027 Budget, Dr. Forson stated building and construction will start in December 2026 on a 1,450 MW thermal power plant at Kafodzidzi-Abrobeano in the Central Region.

He stated the plant will be completely moneyed and owned by the state, with the very first 600 MW anticipated by December 2028 and the staying 850 MW by December 2030.

The plant will utilize around 150 million basic cubic feet of extra gas daily from the Sankofa and Jubilee fields.

Dr. Forson likewise revealed the building of a completely state-owned 600 MW solar energy plant supported by 2,000 MWh of battery storage.

He stated together with the thermal plant, the centers will supply electrical energy for homes and markets to phase out emergency situation power plants by 2030.

The Minister stated federal government will invest US$ 500 million in between 2027 and 2030 to modernise the transmission system and release 2 million pre-paid meters to enhance collection.

On atomic energy, Dr. Forson revealed a US$ 200 million financial investment in a 24-month nuclear-readiness program from January 2027 to December 2028.

He stated more than 2,000 researchers will be trained to establish regional knowledge in safe and reputable nuclear power.

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