NEK signs MoU with ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) about the Implementation of up to 800 MW of Wind Energy
At the ECOWAS Sustainable Energy Forum that took place in the Kempinski Hotel in Accra between the 22nd and 24th of October 2019, NEK has signed with ECREEE a future-oriented Memorandum of Understanding (MoU) regarding our Wind Energy pipeline in Ghana.
The ECOWAS countries represented by ECREEE declared that they strongly support the undertakings of NEK to develop up to 800 MW of Wind Power in Ghana, whereas the power shall be evacuated amongst others via the West African Power Pool’s (WAPP) transmission network system to surrounding countries such as Togo, Benin, Burkina Faso, Ivory Coast, Mali, Niger and Nigeria. It was agreed between the signing parties that the construction of the projects shall be phased between 2021 and 2026.
NEK’s wind projects prioritized in the MoU are:
- The 200MW wind farm Konikablo
- The 160MW wind farm Koluedor
- The 200MW wind farm Amlakpo
- The 200MW wind farm Madavunu
The undertakings of NEK of developing additional wind energy in Ghana are in line with the objectives of the ECOWAS Renewable Energy Policy (EREP), which aims to increase the share of renewable energy in the region’s overall electricity mix to 35% in 2020 and 48% in 2030.
NEK’s development activities strive to achieve highest environmental and social standards and create local employment not only during construction, but on a long-term basis.
The signing of this MOU is an important milestone also for ECREEE in reaching their renewable energy targets. Due to the large-scale development of up to 800 MW of wind energy, the generation costs for the clean electricity will be among the cheapest energy sources in West Africa and therefore, this energy pipeline will act as a game changer from conventional energy systems to sustainable and renewable sources of energy.
About ECREEE: ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) is a specialized ECOWAS agency with a public mandate to promote renewable energy and energy efficiency markets. It acts as an independent body but within the legal, administrative and financial framework of ECOWAS rules and regulations. The ECREEE Secretariat is based in Praia, Cape Verde, and has established a network of NFIs among all ECOWAS Member States. The Technical Committee (TC) and the Executive Board (EB) are the highest decision-making bodies of the Centre. [Source]
About ESEF: ECOWAS Sustainable Energy Forum promotes exchange of ideas and cooperation to support the acceleration of sustainable solutions for the region’s energy situation. The forum provides a platform for improving the policy and regulatory landscape for private sector investment. The forum also facilitates networking and partnerships between ECOWAS policy makers, regional and international private sector players and financial institutions. [Source]