|Approval Date||24 Jan 2022|
|Signature Date||25 May 2022|
|Planned Completion Date||31 Dec 2025|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||23220|
The Ghana Scaling-Up Renewable Energy Program (SREP) Mini grid and Net metering with Solar PV project involves the development of 35mini grids in the Volta Lake region and the deployment of 12,000 units of roof-mounted net-metered solar PV systems for public institutions, Small and Medium-sized Enterprises (SMEs) and selected households within the Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCO) networks. The project will also involve the deployment of up to 11,000 stand-alone solar home systems within the lake side and island communities of Ghana. The overall project cost is estimated at USD 85.18 million comprising the Mini grid component (US$40.29million) and the Net metering component (USD 44.89 million) and will be financed through African Development Fund (ADF) (US$ 27.39 million); Climate Investment Fund (CIF) –US$ 28.49 million; Government counterpart funding amounting to US$16 million; and the Swiss State Secretariat for Economic Affairs (SECO) amounting to US$13.30 Million. SECO’s contribution was approved by the Operations Committee in November 20212.The project will be implemented over a 4-year period.
The project will contribute 13.5% of renewable energy to the Ghana energy mix excluding hydropower and create up to 2,865 jobs during the construction phase of which 30% will target women and youth. The project is also expected to mitigate greenhouse emissions of 0.7185 million tons of CO2 –equivalent through generation of renewable energy estimated at 111 MWh annually. The project objective is to increase access to clean and reliable electricity services and support low carbon socio-economic development. Overall, the Project seeks to support Ghana in the electrification of island communities that account for the remaining 15% in achieving universal access to electricity by 2030.
Direct beneficiaries of the project include 59communities across 9 island districts through mini grids; 505 communities in 11 districts through standalone solar PV systems; 1,089 public buildings; 4,910 households and 6,001 SMEs under the solar PV net metering component. The component also includes installation of demonstrative utility battery energy storage at feeder level within the ECG and NEDCO networks.
African Development Fund
GOVERNMENT OF GHANA
|Last Update||04 Oct 2022|
|Name||NJERU Anthony Karembu|
|7.58976 -0.17857||Sene East|
|8.9242 -1.32349||Central Gonja|
|8.57151 -0.67731||East Gonja|