Government has set in motion plans to construct a 1,200-megawatt state-owned combined cycle gas-fired power plant at Komenda, an ambitious energy initiative slated to drive down electricity tariffs by up to 20 per cent and generate more than 2,000 employment opportunities.
The Minister for Finance, Dr. Cassiel Ato Forson, announced the landmark energy intervention during the presentation of the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026.
“The project developed a thousand two hundred megawatts state owned combined cycle gas fire power plant at in the commander to speak up have confirmed the project viability with environmental engineering and permitting processes progressing steadily,” he stated.
According to the Finance Minister, the initial phase of the power plant is on track to be completed and operational by 2028.
“The first six hundred megawatt phase is expected to be commissioned in twenty-eight,” Dr. Forson told the House.
In a bid to maximize value for money and curtail overall expenditure, government bypassed third-party intermediaries to procure the necessary gas turbines directly from GE Vernova, securing substantial financial savings in the process.
“Right to speaker to reduce costs government secured the gas turbines directly from GE Venora achieving savings of between thirty-five and forty-five percent compared with third party procurement,” he said.
Dr. Forson further stressed that the facility will play a critical role in bringing down energy production expenses while offering a massive boost to local employment.
“The project will lower electricity generation costs help reduce electricity tariff by ten to twenty percent and create more than two thousand direct and indirect jobs during the first phase,” he stated.