Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Ghana's power sector will suffer from cuts due to erratic gas feedstock and low water levels at
hydropower dams. New gas-fired capacity and the Ayitepa wind farm will provide some growth in power
generation levels. Plans to build a 2GW coal-fired power plant, alongside further gas-fired power
investments, indicate the high potential for thermal power investments in Ghana if a steady supply of fuel
sources can be ensured.
Latest Updates And Structural Trends
? The Aboano coal-fired power plant is reportedly at an advanced stage to be constructed. The first phase
of the power plant will be the construction of two 350 megawatt (MW) units for a total capacity of
700MW. Phase two is planned to increase capacity by between 1,200MW to 1,400MW. The project will
involve the Volta River Authority (VRA) and the Chinese Shenzhen Energy Corporation (SEC).
Construction will reportedly start at the third quarter of 2016, but we await construction to start before
factoring it into our forecasts.
? WorleyParsons has announced that its US office will partner with its South African branch to combine
expertise for the construction of the 340MW Kpone combined-cycle power plant. The plant is scheduled
for completion in 2017 and some of the major foundations are already in place, but we are forecasting it
for 2018 due to issues such as erratic water supply at the construction site.