Zoetic Global signs 100MW agreement in Ghana

Zoetic Global, a US-based project developer, has executed a 20-year power purchase agreement with the Electricity Company of Ghana (ECG) for 100 Megawatts of additive power generation at the nation’s Akosombo Dam on Lake Volta.

“We look forward to working closely with ECG and other key parties to provide additional power needed to support Ghana’s growth,” says Jerome Ringo, chairman and CEO of Zoetic Global. “This project will bring substantial, clean and immediate power on-line without environmental impact or societal disruption.”

Ghana President John Dramani Mahama touted the contract signed between Zoetic and ECG while emphasizing his administration’s comprehensive approach to energy production and the key role of renewables. “The Zoetic project is an ideal fit for our sustainable development platform. We welcome new developers bringing practical and impactful solutions like this to our country.”

The project will involve an array of modular hydrokinetic turbines to be deployed in the post-dam wash of the Akosombo Dam. The In-Stream Auger Turbine (IAT) technology being used is designed for high efficiency power generation from flowing water and will leverage existing infrastructure at the dam site including grid connections, access roads, and on-site maintenance buildings.

The Zoetic project at Akosombo has the potential to be a landmark deployment in the emerging field of hydrokinetics and a significant new entry into a renewable energy sector where solar and wind technologies have dominated the spotlight. “Zoetic offers an alternative solution that will activate more development in the hydro power market,” says Thomas Trimble, a leading partner in the Africa Practice of Akin Gump Strauss Hauer & Feld LLP. “Zoetic addresses an untapped market opportunity, which sits between the traditional large-scale hydro dams and small micro hydro projects.”