The European Union through the French Development Agency (AFD) has signed a €9.7 million Grant for the Ghana Grid Company (GRIDCO) to boost infrastructure works on the interconnection power transmission line between Ghana and Burkina Faso.
This is expected to increase electricity access in northern Ghana and boost the country’s power exporting capacity to the West African sub-region.
The grant facility will be used to finance the upgrade of an 18kilometre long 161kv transmission line located between Ahodwo and Anwomaso substation in Kumasi.
It will also support power transfer capacity from the south of the country up to Burkina Faso through the 330kv line from Kumasi to Bolgatanga as well as reductions in transmission losses.
The 330kv line project was initially financed with a $174 million loan from AFD to GRIDCO and €4.8 million Technical Assistance Grant from the EU.
The 9.7 million grant agreement was signed in Accra by the AFD Country Director, Dr. Christophe Cottet, and GRIDCO Chief Executive, Jonathan Amoako-Baah.
The EU Ambassador to Ghana, Diana Acconcia and the French Ambassador to Ghana, Anne Sophie Ave, also co-signed the grant agreement.