The International Company Initial An Contract with Ghana BUI Power Station
At 20:00 in March 17, 2007, the Interantional Company and Ghana Ministry of Energy initialed EPC contract of BUI Power Station in the capital of Ghana Accra. After being approved by Ghana cabinet the contract will be a formal contract and planned to be signed in the middle of April. The scope of the contract includes power station project, power transformer line project, environmental immigration and irrigation project (provisional items), the total contract amounts to US＄594 million.
The capital of BUI mainly comes from Chinese commercial credit and preferential buyer credit. Ghana and Chinese relevant government agencies have held several discussions on the loan matters and signed loan memorandum in February this year. At present, the loan agreement is under negotiation and the two governments will sign the agreement in April. The project will go into operation in the second half year.
BUI Power Station locates in border of the north of Ghana and Cote d’Ivoire, on the upstream of Walter reservoir (one of the largest reservoir in the world) of the 150 Km Blue Walter river. The key buildings are the 110m RCC dam and rear apron workshop, the station has three installations with the total capacity of 400MW. The power production can reach 1 billion killowatt-hour per year. This project is the key project in Ghana.