investment prospectus : general assessment and
TRANSCRIPT
Investment Prospectus : General Assessment and perspectives (Ghana) Presented by: Mrs. Gifty Delali Tettey Deputy Director, Bioenergy, Ministry of Power
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ECOWAS SUSTAINABLE ENERGY WEEK
“Towards a Viable and Robust Energy Market in the ECOWAS Region” 17 - 19 October 2016
National Strategy (NREAP, NEEAP, SE4ALL AA)
Current 2020 2030 National electrification rate (in %) 80% 95% 100% PV power plants connected to the grid (in MW) 23MW 200MW 500MW
Hydro sites connected to the grid (in MW) 1,580MW 1,640MW 1,880MW Centrales biomasse connected to the grid (in MW) <10MWe 80MWe 150MWe
Universal access to clean cooking equipments (% of households) 12% 24% 50% Universal access to LPG for cooking (% of households) >22.3% 30% 50%
GWh/year of planned electricty savings 400GWh 500GWh 900GWh Wind connected to the grid (in MW) 0MW 225MW 500MW
Woodlot Establishment (in 1000ha) 9 ha 30 ha 100 ha
Regulatory framework in place
• The National Energy Policy (2010)
• The National Energy Strategy and Development Plan (2010)
• The Renewable Energy Act, 2011 (Act 832)
• Sustainable Energy for All Action Plan / Agenda of Ghana (2012/2016)
• Mini-grid Electrification Policy Directive (2016)
• Bioenergy Policy Document (draft)
• A National Electricity Grid Code (2009) for Renewable Energy
• Net-Metering Sub-code
• Renewable Energy Feed-in -Tariffs WWW.ECREEE.ORG
Regulatory framework in place (2)
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• Guidelines for a Renewable Energy Purchase Obligation
• A RE Power Purchase Agreement
• A framework for the establishment of the Renewable Energy Fund (REF)
• LI 1815 Energy Efficiency Standards and Labelling (Non-Ducted Air-conditioners
and Self-Ballasted Fluorescent Lamps) Regulations, 2005
• Energy Efficiency (Prohibition of Manufacture, Sale or Importation of
Incandescent Filament Lamp, Used Refrigerator, Used Refrigerator-Freezer,
Used Freezer and Used Air-conditioner) Regulations, 2008 (LI 1932)
• Energy Efficiency Standards and Labelling (Household Refrigerating Appliances)
Regulations, 2009(LI 1958) and LI 1970
Pipelines of the IP
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Pipeline 1
• Production, transport and distribution (on-grid)
Pipeline 2
•Not connected to the grid (Mini-Grids and standalone systems)
Pipeline 3
•Bioenergy and sustainable cooking
Pipeline 4
• Energy Efficiency
Pipeline 5
• Enabling environment
Projects connected to the grid
• Identified needs • Financial – access to funds to implement project
• Upgrade national interconnection transmission system to make the grid robust
• Identified type of projects • Utility scale solar/wind/mini-hydro/biomass power
generation
• Solar PV based net-metering systems with battery storage
• Biomass co-generation
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Pipeline 1
•Production, transport and distribution (on-grid)
Projects not connected to the grid
• Identified needs • Finance • Limited local experts for mini-grid design, installation and
maintenance • Incentives for local manufacturing of system components
• Identified type of projects • Hybrid mini-grid electrification for island and lakeside
communities • Rooftop solar/stand-alone solar systems for rural
households • Productive use of energy in agriculture
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Pipeline 2
•Not connected to the grid (Mini-Grids and standalone systems)
Projects of bioenergy and sustainable cooking • Identified needs
• Improve efficiency of end-use devices (kilns and cookstoves) • Establish sustainable feedstock base • Diversify cooking fuel sources/develop alternative cooking fuels • Increased public awareness on cleaner cooking technologies and
fuels • Standards and labels • LPG promotion policy • Tax incentives to boost local production
• Identified type of projects • Development of wood/biomass fuel value chain/sustainable
charcoal and alternative fuels project • Establishment of woodlots • Promotion of improved biomass stoves for cooking in rural
households and agro-processing ventures • National LPG promotion programme
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Pipeline 3
•Bioenergy and sustainable cooking
Projects of energy efficiency
• Identified needs • Incentives for local manufacturing of lighting products and
refrigerating appliances • Finance to implement energy efficient interventions,
especially, in industries
• Identified type of projects • Standards and labels for all household and industrial
electrical appliances • Educational campaigns • Deployment of automatic timer switches (ATS) for chest
freezers
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Pipeline 4
•Energy Efficiency
Projects to improve enabling environment for energy investments
• Identified needs • Government guarantee for energy investments
• Stable currency
• Continued political stability
• Identified type of projects • Technical assistance to scale-up renewable energy
• Fiscal incentives to encourage production of renewable energy components and energy efficiency appliances in Ghana
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Pipeline 5
•Enabling environment
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Pipeline 1
Pipeline 2
Pipeline 3
Pipeline 4
Pipeline 5
3
Pipelines Number of Projects Identified
Total Value (in USD )
200m
4 340m
5 274.8m
2 350m
4m 2
Identified projects in the country (US$ Million)
0 50 100 150 200 250 300 350 400
Pipeline 1
Pipeline 2
Pipeline 3
Pipeline 4
Pipeline 5
Pipeline 1 Pipeline 2 Pipeline 3 Pipeline 4 Pipeline 5
On-grid Projects
Enabling Environment Enabling Environment Enabling Environment
Bioenergy & Cooking
Off-grid Projects
Energy Efficiency
Dynamics of the energy sector to unlock private investment in the country
Ghana is one of Africa’s leading business destinations – Wealth of resources
Democratic and stable political system
Dynamic economy
Attractive tax regime, incentives (tax holidays 5-10yrs; locational incentives); exemptions and guarantees
Increasing foreign direct investment (FDI)
Economic growth ≈4% (2014)
Dynamic and innovative services provided by financial and telecommunication subsectors