Petroleum Africa
Find us on: 
Thursday, September 9, 2021
Amandi Energy Limited announced that its Twin City Energy Power Project, a 200-MW dual fuel combined cycle power plant, reached commercial operations. The Twin City Energy power generation facility will deliver affordable, reliable and low-carbon baseload power to Ghana, utilizing 33 mscfd of local natural gas supply as its primary fuel.
Endeavor Energy Holdings LLC (Endeavor), an Africa-focused independent power generation company backed by Denham Capital, a global sustainable infrastructure, energy and resources focused investment firm, is the majority owner of this greenfield development project and its affiliated construction management and operator entities that provide critical services to the Project.
Twin City Energy, which reached commercial operations in late July, will facilitate increased access to affordable and reliable electricity whilst accelerating Ghana’s transition to a low-carbon energy system by adding 200 MW of baseload power at one of the lowest tariffs in the country and using 33 mscf/d of natural gas from Ghana’s offshore fields. The Project, which created more than 1,750 direct jobs – majority of which were Ghanaian – during construction, will also provide direct socio-economic support via local job creation by employing more than 100 people – 98% Ghanaian – to operate and maintain the plant.
The Twin City Energy Power Project was developed and is owned by international equity sponsors including Endeavor Energy Holdings LLC (Endeavor), Anergi Group (Anergi), African Infrastructure Investment Management (AIIM) and members of the Amandi Founding Group, who initiated the development of the Project.
Twin City Energy was financed by a consortium of global lending and development finance institutions consisting of the US International Development Finance Corporation (DFC), the UK’s CDC Group, Rand Merchant Bank (RMB) of South Africa and Nedbank of South Africa.
Reginald France, General Manager of Twin City Energy and Ghana country Managing Director for Endeavor, said: “The pedestal on which Ghana’s Economic Transformation Agenda will rest upon is sustainable, cost effective power generation. The management and the entire staff of Twin City Energy are excited to play a part in this transformation by getting this 200 MW combined cycle plant into commercial operation.”
Justin DeAngelis, Partner at Denham Capital, commented: “We are extremely proud of the role that Twin City Energy and Endeavor are playing in the development and strengthening of Ghana’s power sector. The continued support of the Government of Ghana enabled the Project to overcome various challenges during the construction of the plant, intensified by the global pandemic. I would also like to recognize our lending partners, DFC, CDC, RMB and Nedbank, for their commitment and flexibility, which were critical to achieving commercial operations.
Achievement of this significant milestone will bolster Ghana’s efforts to modernize and lower the cost of its power generation for its citizens and industries. The Project not only adds to Endeavor’s track record of success in developing, financing and constructing power projects in African markets, but also reinforces Denham’s commitment to invest in projects which advance economic growth, sustainable development and the energy transition.”
Stephanie Sullivan, U.S. Ambassador to Ghana, added: “One of our top priorities is to increase mutually beneficial two-way trade as well as economic growth and investment in Ghana. This project is just one significant example of the successful partnership between the U.S. DFC, a strategic American energy firm, private financial investors, and Ghana’s power sector.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
