Karpower is the cheapest thermal power plant in Ghana currently, the Deputy Minister of Power has said.
“Today as I speak Karpower is the cheapest thermal plant in the system.”
John Jinapor claimed that is why government is investing in other power barges from the Turkish firm.
He said hydro-power is cheap but since it is not predictable as a result of its dependence on water, it cannot be fully depended upon.
Mr Jinapor lamented how water level in the Akosombo Dam has plummeted to an all-time low, affecting the country’s energy generation capacity.
Speaking on Accra-based Citi FM on Monday, July 4, the Deputy Power Minister said government is expecting another 450-megawatt power barge this year.
Mr Jinapor admitted that the cost of fuel is having a toll on most of the plants.
Therefore, he pointed out, government is converting all the plants into a combined-cycle mode.
“When you do that, you reduce your cost of production in terms of your variable cost.”
Ghana’s energy generation capacity has reduced in recent times, forcing a loadshedding exercise in some communities.
According to the deputy minister, the situation will improve within the week, by July 8 to be precise.