Early Warning System

Countries

Ghana

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

US International Development Finance Corporation (DFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Endeavor Energy Holdings LLC

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Project involves the construction and operation of two power plants in Tema, Ghana with a capacity of up to a 424 MW. The Project, which will be located on two Brownfield sites, will be developed in stages. Development of the first site will include the construction of five open cycle combustion turbines, which will generate 145 MW followed by the installation of once-through steam generators on each turbine, which will add another 57 MW of power. The second stage development will be on a separate, but nearby site and will consist of about 222 MW of additional power to be generated by four combustion turbines with Heat Recovery Steam Generators. It is anticipated that all facilities will operate initially on Liquid Petroleum Gas with diesel as a backup fuel in emergencies and when LPG is unavailable. Within 5 years of the commencement of Phase 2 operations, it is anticipated that the plant will
switch to Natural Gas, should it be made available by the Government of Ghana.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Tema Metropolitan Assembly Adjacent to Tema
Community Centre,
John Saaba Road,
P.O. Box 20, Tema
Mr. Maxwell AduBoateng
+233 24 478 4776