From L-R: Dahlia Khalifa (IFC Regional Director for Central Africa and Anglophone West Africa), Kojo Aduhene (Group CEO, LMI Holdings) signing the mortgage settlement
The function of the personal sector in Ghana’s quest to realize 10% renewable vitality within the vitality combine is taken into account essential.
Wholly owned Ghanaian firm, LMI Holdings has launched into a journey to construct a 1000MW photo voltaic plant on the Dawa Industrial Park right here within the Larger Accra area.
Having efficiently constructed Africa’s largest rooftop photo voltaic venture which produces about 16.8MW of energy on the Tema Free Zone enclave, LMI is predicted to execute a 1000MW venture in phases.
Group Chief Govt Officer of LMI Holdings, Kojo Aduhene in an interview with Pleasure Enterprise stated work will start in March having signed a US$100 million mortgage settlement with the Worldwide Finance Company (IFC) at Tema Free Zone enclave.
“The board of IFC in Washington has accredited a facility of US$100 million to allow us to construct the primary 150MW of the plant”
“This will probably be achieved in two phases. The primary 100MW will probably be accomplished earlier than December 1, 2026, and the remaining 50MW earlier than December 1, 2027. As soon as manufacturing begins, Enclave Energy will probably be distributing 100% renewable energy”, he stated.
Mr. Aduhene believes the venture can considerably enhance the nation’s carbon footprint making Dawa Metropolis eco-friendly.
Per the corporate’s schedule, the primary 200MW will probably be prepared by mid-2028 and the third 100MW will probably be below building resulting from energy demand within the enclave.
“This venture is know-how switch. We’re going to be teaming up with the contractors submit the 200MW.
“We need to do the whole lot ourselves within the nation wanting past the ability we’re producing. Constant energy provide at a lowered price in our Dawa enclave from March will assist create extra jobs”, he added.
The corporate is open to promoting energy to the broader market after reaching the 1000MW goal by 2031 for industries inside its Dawa enclave.
LMI has additionally introduced a ten% low cost on the worth of electrical energy efficient July 1, 2025.
Basic Supervisor for LMI Utilities, Ing. Matthew Seddoh Akatey advised Pleasure Enterprise, “We have now already accomplished feasibility research. It’s going to be a ground-mount PV system.
“The chosen contractors for the venture will do the engineering, a subsidiary of LMI Holdings will deal with the procurement and the contractor will care for the development”.
He was glad the venture will present a less expensive supply of energy and allow corporations to export and discover markets world wide.
IFC Regional Director for Central and Anglophone West Africa, Dahlia Khalifa lauded the Power Ministry for Ghana’s roadmap in direction of renewable vitality and expressed confidence in LMI as a companion.
“Going inexperienced and being respectful of the surroundings is how we will be sustainable and the way we’re going to be constructing our backside line. The nation is forward of the curve within the inexperienced journey”, she shared.
Based on her the nation once more is laying the groundwork for future progress.
“Speak about worth chains, making extra export potential a actuality, see the circulate of worldwide funding and capable of catch the advantages. Areas together with industrial and manufacturing whether or not it’s within the garment, meals and agro-industries and others should stay a precedence”
IFC stated the US$ 100 million venture goes past offering energy however jobs, enabling industrial capacities with cheaper energy, lives and livelihoods it’s going to impression.
Director for Renewable Power on the Power Ministry, Seth Mahu stated with the nation’s purpose of reaching 1400MW of put in capability by 2030, LMI’s photo voltaic venture is important.
“Your effort is important in enabling us to realize this purpose. Transitioning may also assist enhance the commerce surroundings of the nation. Nations which aren’t capable of go inexperienced will discover it troublesome to entry such markets”, he indicated.
He assured LMI of the federal government’s readiness to take away regulatory boundaries that stop corporations from going into manufacturing and distribution of energy to assist financial improvement.
Mr Mahu touched on the necessity to replicate fashions of LMI in different places by public-private partnerships the place vitality isn’t a element however a part of a much bigger financial ecosystem.
Aside from lending assist, the ministry will interact LMI in making a mannequin that ensures industries exterior the enclave entry cheaper energy from the venture in future.
He stays hopeful completion of the venture will create inexperienced jobs serving to industries within the enclave stay aggressive inside the world manufacturing house.
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