Aksa Enerji Signs Agreement for 825 MW Gas Power Plant in Ghana

Aksa Enerji has added a new investment to its portfolio in Africa. The company announced that it has signed a 20-year power purchase agreement with the Electricity Company of Ghana to build a combined-cycle natural gas power plant with an installed capacity of 825 megawatts (MW) in Takoradi, one of Ghana's key industrial zones. This new investment will significantly increase the company's existing generation capacity in Ghana. Once the plant becomes operational, Aksa Enerji's total installed capacity in Ghana will reach 1,545 MW. This increase is expected to strengthen the company's position in energy generation in the region. Combined-cycle technology stands out as a method that enhances efficiency in electricity generation by using natural gas both in a gas turbine and in steam derived from waste heat. This technology enables the plant to operate with higher efficiency and reduces environmental impacts. The agreement is considered an important step in line with Aksa Enerji's international growth strategy. The company is expected to continue its investments in Africa's energy infrastructure and contribute to meeting the region's energy demand. This is not investment advice.