Ghana: Takoradi 2 Power Plant

Ghana’s growing economy has strained its power sector in spite of a high national electrifi - cation rate. In response, the Takoradi International Company, which owns and operates the Takoradi 2 power plant, sought financing to convert and expand the plant to allow it to run on both natural gas and light crude oil using technology that would increase capacity by 50 percent without using additional fuel. IFC supported the project with an $80 million loan as well as a $15 million loan from the IFC-Canada Climate Change Program. The OPEC Fund and a consortium led by FMO provided additional financing to fund the project.

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