Ghana’s sea water project expected to make $1.3b revenues as project works begin
Construction works on the first West African desalination project in Ghana has begun and is expected to generate about $1.3 billion in revenues from water sales.
Spanish firm, Abengoa said November 19, 2012 it has begun works on the $125m project which is located in Teshie-Nungua, a suburb of Accra.
“The works are expected to take 24 months and will create some 400 direct and indirect jobs,” Abengoa said in a statement.
Abengoa indicated it will be responsible for the design and construction of the plant, as well as its subsequent maintenance and operation for a 25 year period.
It added “Revenues from water sales are forecast to exceed $ 1.3 billion during this time.”
The project has received a $179.2 million political risk insurance from the Multilateral Investment Guarantee Agency (MIGA).
Officials say the desalination plant will have a capacity to produce 60,000 m3/day using reverse osmosis technology and will enable drinking water to be supplied to more than 500,000 residents in the towns of Teshie, Nungua and Tema.
Desalination is the extraction of salt from seawater to get purified drinkable water.
By Ekow Quandzie
Ghanaian leaders could have done this with their own funds but due to corruption, lack of vision, ignorance this ccontinue to rely on foreign build funds with any sense of responsibility and must stop