The Ministry of Energy has revealed plans to select a vendor for Ghana’s inaugural nuclear power plant by the close of 2024, aiming for operational status by 2030.
Dr. Robert Sogbadji, Deputy Director of Power (Nuclear and Alternative Energy), shared this information during a policy dialogue marking World Sustainable Energy Day in Accra.
The event was organized by the Centre of Excellence in Public Utility Regulation (CEPUR), a collaboration between the Public Utilities Regulatory Commission (PUCR) and the Ghana Institute for Management and Public Administration (GIMPA).
Dr. Sogbadji outlined that the country is currently in phase two of its nuclear power program, with plans to announce the selected vendor company by year-end.
The first nuclear power plant is anticipated to become part of Ghana’s energy mix by 2030 or 2032, contributing significantly to achieving net-zero goals and energy transition objectives.
Addressing the country’s US$561.9 billion financing requirement for energy transition, Dr. Sogbadji mentioned the government’s strategic plan to secure about 46% from the private sector.
Herbert Krapa, Deputy Minister of Energy, affirmed the progress of Ghana’s energy transition agenda, emphasizing the implementation of a clear strategy to attract investments. He highlighted pipeline projects, including 2,000 megawatts of solar and wind energy, to attract financing from various investors.
Mr Krapa emphasized efforts to scale up the domestic currency and explore technologies like carbon capture utilization, electronic vehicles, and green hydrogen to align with the transition pathway.
He indicated the government’s commitment to balancing conventional (hydro), solar, and nuclear power for sustainable electricity.
Kwame Jantuah, Chairman of the Oil and Gas sector at the Association of Ghana Industries, called for a balanced approach in utilizing conventional, solar, and nuclear power for sustainable electricity.
He suggested incentivizing residential solar panel adoption to reduce conventional costs, with excess energy contributing to the overall mix for export.
Jantuah emphasized the importance of leaving vendor selection in the hands of the nuclear energy body to prevent political interference. Ghana envisions implementing both a large reactor (1,000-1,200 megawatts) and a small modular reactor (about 300 megawatts) for its nuclear power plant, aligning with the country’s industrialization goals and sustainable development objectives.
“We’re currently in phase two of our nuclear power programme, and by the end of this year, we should be able to announce our vendor company to build our first nuclear power plant, which we foresee to be in the energy mix by 2030,” Dr Sogbadji said.
“So, by 2030 or 2032, we would have advanced strongly towards meeting net zero and meet energy transition goals,” he said.