The Director General of the Ghana Atomic Energy Commission(GAEC), Professor Benjamin Jabez Botwe Nyarko has revealed that Ghana’s nuclear power program is estimated to generate $1.2billion.
This will spearhead from the local industry participation during the implementation of the project.
When completed, the nuclear power plant is expected to generate 1,000-megawatt (MW), the Director-General of the Ghana Atomic Energy Commission (GAEC), Professor Benjamin Jabez Botwe Nyarko, has said.
Speaking at the recently held Ghana Industrial Summit and Exhibition programme in Accra. He said a country that was beginning the nuclear project was expected to generate at least 20 per cent local content and participation.
Prof. Nyarko, who is also the Vice-Chairman of the Ghana Nuclear Power Programme Organisation (GNPPO) and the Board Chairman of Nuclear Power Ghana (NPG), also said the International Atomic Energy Agency (IAEA) approach to a newcomer country that was undertaking nuclear power programme needed to address 19 infrastructure issues, one of which was industrial involvement.
“And so, if we are talking about an industry that is going to cost about $6 billion, you can estimate how much benefit local industries in the country will derive from the programme,” he said.
“Once Ghana is on the path of adding nuclear power to its energy generation mix, it is essential that the capacity of Ghanaian-owned industries is built so that they do not lose out”, he explained.
“When it comes to nuclear, some standards and specifications must be met, and so local industries must be well equipped to benefit from the implementation of the nuclear power project,” Prof. Nyarko added.
Background
The generation of electricity from nuclear power is estimated to cost between five and eight cent per kilowatt-hour (kWh), according to a pre-feasibility study by the Nuclear Power Institute (NPI) of the GAEC.
Current generation sources provide between 16 and 18 cents per kWh.
Ghana’s nuclear effort started in the 1960s but suffered many setbacks mainly due to public misunderstanding of the sector.
Although power generation is the bigger goal for the country’s nuclear energy programme as set out by the country’s first President, Dr Kwame Nkrumah, nuclear science and technology are already being applied in many sectors of the country’s economy, including food safety and preservation, and in the health sector.
Source: Graphic Online
