The government has announced plans to begin construction on a massive 1,450-megawatt state-owned thermal power plant at Kafodzidzi in the Central Region this December, alongside a separate 600-megawatt solar facility, in a bold move to anchor its 24-hour economy agenda.
Presenting the 2027 Budget Statement and Economic Policy to Parliament, the Minister for Finance, Dr. Cassiel Ato Forson, revealed that both energy projects will be entirely state-funded and state-owned, with zero reliance on borrowing.
According to the Finance Minister, the Kafodzidzi thermal plant will be executed in two distinct phases. The initial 600 megawatts are scheduled to come on stream by December 2028, while the remaining 850 megawatts will be completed by December 2030.
Once operational, the facility will draw approximately 150 million standard cubic feet of gas daily from the Sankofa and Jubilee fields to generate electricity.
Beyond thermal generation, Dr. Forson disclosed that the state will also construct a 600-megawatt solar power plant backed by a 2,000-megawatt-hour battery storage system.
He noted that the battery infrastructure is specifically designed to shift daytime solar energy into peak consumption periods while bolstering overall grid stability.
Together, the 1,450-megawatt thermal plant, the 600-megawatt solar installation, and the 2,000-megawatt-hour battery storage facility are expected to significantly expand reliable electricity supply to both residential homes and local industries across the country.
By: Rainbowradioonline.com/Ghana
