Overview
The rehabilitation works of the 160 MW Kpong hydroelectric dam aims to ensure the availability of green electricity in Ghana and the safety of the dam and of the population surrounding the dam.
As specific objectives, the flagship project is expected to contribute to ensuring the dam’s resilience, safety and security, and the protection of population who could be impacted particularly by flooding events affecting the dam. It will also ensure the security of energy supply for the local population, thereby contributing to the stability and efficiency of the energy grid and enabling further investment in the energy sector of Ghana.
The Kpong dam is contributing to the country’s renewable electricity supply (providing ca. 4% of Ghana’s power generation in 2022). Therefore, it is an essential element for Ghana to meet its climate goals. The flagship project is also part of a wider subregional cooperation in the electricity sector given Ghana’s renewable power exports (coming in large part from its hydroelectric dams) to Ivory Coast, Togo, Benin, and Burkina Faso. The EU and EIB will therefore also contribute to the West Africa Power Pool (WAPP) initiative and regional energy security. Last, The Kpong dam rehabilitation works will further enable Team Europe’s investment in the renewable energy sector, complementing initiatives such as the floating solar panel project on the Kpong Reservoir led by the German KfW.
