{"id":45351,"date":"2014-09-07T08:00:08","date_gmt":"2014-09-07T08:00:08","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=45351"},"modified":"2014-09-07T08:07:41","modified_gmt":"2014-09-07T08:07:41","slug":"ifc-vra-to-set-up-power-plants-in-ghana","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/ifc-vra-to-set-up-power-plants-in-ghana\/","title":{"rendered":"IFC-VRA to set up power plants in Ghana"},"content":{"rendered":"<p><span style=\"line-height: 1.5em;\">The International Finance Corporation (IFC) has signed a Memorandum of Understanding (MoU) with the Volta River Authority (VRA) for the establishment of power plants to augment Ghana\u2019s energy capacity.<\/span><\/p>\n<p><span style=\"line-height: 1.5em;\">The Head of the IFC\u2019s Africa Special Initiative for Infrastructure, Richard Arkutu, \u00a0told <\/span><b style=\"line-height: 1.5em;\">Citi News<\/b><span style=\"line-height: 1.5em;\">\u00a0the MoU will allow the Corporation to collaborate with the VRA and identify international developers that will help it [VRA] achieve the government\u2019s planned installed capacity target of 5,000 megawatts by 2016.<\/span><\/p>\n<p>\u201cWe will help VRA identify and shortlist the projects they want to embark on and help them with the feasibility study work.\u201d he explained.<\/p>\n<p>[contextly_sidebar id=&#8221;04uF5jPvPEH23ijqDAXFI0krqgvVbOcv&#8221;]Mr. Arkutu was optimistic that the set target would be reached and added that the IFC would assist the VRA in partnering with companies that have the \u201cexpertise to contribute to the development of those projects and help to structure the financing packages that will be needed to get those projects built.\u201d<\/p>\n<p>The Chief Executive Officer of the VRA, Kirk Koffi, expressed his delight at the partnership and told <b>Citi News<\/b> the \u201cadded [energy] generation\u201d would be a good thing for Ghana\u2019s growing economy.<\/p>\n<p>\u201cGhana is growing very fast, which is a good thing for us.We should be able to move forward to realize the government\u2019s agenda of 5,000 megawatts within the shortest possible time,&#8221; he added.<\/p>\n<p>Fears that the country\u2019s energy problems might worsen have risen in recent times after the VRA announced that there had been a reduction in the water level of the Akosombo dam.<\/p>\n<p>However, the <a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/08\/07\/atuabo-gas-tests-successful\/\" target=\"_blank\"><span style=\"color: #0000ff;\">completion of the Atuabo Gas Project<\/span><\/a> and \u00a0the IFC\u2019s Partnership with the VRA might reduce the pressure on the Akosombo Dam \u00a0in dealing with the country\u2019s current energy challenges.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Edwin Kwakofi\/citifmonline.com\/Ghana<\/p>\n<p><b>\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Finance Corporation (IFC) has signed a Memorandum of Understanding (MoU) with the Volta River Authority (VRA) for the establishment of power plants to augment Ghana\u2019s energy capacity. The Head of the IFC\u2019s Africa Special Initiative for Infrastructure, Richard Arkutu, \u00a0told Citi News\u00a0the MoU will allow the Corporation to collaborate with the VRA and [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":24909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[2111,43,1194,22,38,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IFC-VRA to set up power plants in Ghana - Citi 97.3 FM - Relevant Radio. 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