Investment Prospectus : General Assessment and perspectives (Ghana) Presented by: Mrs. Gifty Delali Tettey Deputy Director, Bioenergy, Ministry of Power

WWW.ECREEE.ORG

ECOWAS SUSTAINABLE ENERGY WEEK

“Towards a Viable and Robust Energy Market in the ECOWAS Region” 17 - 19 October 2016

National Strategy (NREAP, NEEAP, SE4ALL AA)

Current 2020 2030 National electrification rate (in %) 80% 95% 100% PV power plants connected to the grid (in MW) 23MW 200MW 500MW

Hydro sites connected to the grid (in MW) 1,580MW 1,640MW 1,880MW Centrales biomasse connected to the grid (in MW) <10MWe 80MWe 150MWe

Universal access to clean cooking equipments (% of households) 12% 24% 50% Universal access to LPG for cooking (% of households) >22.3% 30% 50%

GWh/year of planned electricty savings 400GWh 500GWh 900GWh Wind connected to the grid (in MW) 0MW 225MW 500MW

Woodlot Establishment (in 1000ha) 9 ha 30 ha 100 ha

Regulatory framework in place

• The National Energy Policy (2010)

• The National Energy Strategy and Development Plan (2010)

• The Renewable Energy Act, 2011 (Act 832)

• Sustainable Energy for All Action Plan / Agenda of Ghana (2012/2016)

• Mini-grid Electrification Policy Directive (2016)

• Bioenergy Policy Document (draft)

• A National Electricity Grid Code (2009) for Renewable Energy

• Net-Metering Sub-code

• Renewable Energy Feed-in -Tariffs WWW.ECREEE.ORG

Regulatory framework in place (2)

WWW.ECREEE.ORG

• Guidelines for a Renewable Energy Purchase Obligation

• A RE Power Purchase Agreement

• A framework for the establishment of the Renewable Energy Fund (REF)

• LI 1815 Energy Efficiency Standards and Labelling (Non-Ducted Air-conditioners

and Self-Ballasted Fluorescent Lamps) Regulations, 2005

• Energy Efficiency (Prohibition of Manufacture, Sale or Importation of

Incandescent Filament Lamp, Used Refrigerator, Used Refrigerator-Freezer,

Used Freezer and Used Air-conditioner) Regulations, 2008 (LI 1932)

• Energy Efficiency Standards and Labelling (Household Refrigerating Appliances)

Regulations, 2009(LI 1958) and LI 1970

Pipelines of the IP

WWW.ECREEE.ORG

Pipeline 1

• Production, transport and distribution (on-grid)

Pipeline 2

•Not connected to the grid (Mini-Grids and standalone systems)

Pipeline 3

•Bioenergy and sustainable cooking

Pipeline 4

• Energy Efficiency

Pipeline 5

• Enabling environment

Projects connected to the grid

• Identified needs • Financial – access to funds to implement project

• Upgrade national interconnection transmission system to make the grid robust

• Identified type of projects • Utility scale solar/wind/mini-hydro/biomass power

generation

• Solar PV based net-metering systems with battery storage

• Biomass co-generation

WWW.ECREEE.ORG

Pipeline 1

•Production, transport and distribution (on-grid)

Projects not connected to the grid

• Identified needs • Finance • Limited local experts for mini-grid design, installation and

maintenance • Incentives for local manufacturing of system components

• Identified type of projects • Hybrid mini-grid electrification for island and lakeside

communities • Rooftop solar/stand-alone solar systems for rural

households • Productive use of energy in agriculture

WWW.ECREEE.ORG

Pipeline 2

•Not connected to the grid (Mini-Grids and standalone systems)

Projects of bioenergy and sustainable cooking • Identified needs

• Improve efficiency of end-use devices (kilns and cookstoves) • Establish sustainable feedstock base • Diversify cooking fuel sources/develop alternative cooking fuels • Increased public awareness on cleaner cooking technologies and

fuels • Standards and labels • LPG promotion policy • Tax incentives to boost local production

• Identified type of projects • Development of wood/biomass fuel value chain/sustainable

charcoal and alternative fuels project • Establishment of woodlots • Promotion of improved biomass stoves for cooking in rural

households and agro-processing ventures • National LPG promotion programme

WWW.ECREEE.ORG

Pipeline 3

•Bioenergy and sustainable cooking

Projects of energy efficiency

• Identified needs • Incentives for local manufacturing of lighting products and

refrigerating appliances • Finance to implement energy efficient interventions,

especially, in industries

• Identified type of projects • Standards and labels for all household and industrial

electrical appliances • Educational campaigns • Deployment of automatic timer switches (ATS) for chest

freezers

WWW.ECREEE.ORG

Pipeline 4

•Energy Efficiency

Projects to improve enabling environment for energy investments

• Identified needs • Government guarantee for energy investments

• Stable currency

• Continued political stability

• Identified type of projects • Technical assistance to scale-up renewable energy

• Fiscal incentives to encourage production of renewable energy components and energy efficiency appliances in Ghana

WWW.ECREEE.ORG

Pipeline 5

•Enabling environment

WWW.ECREEE.ORG

Pipeline 1

Pipeline 2

Pipeline 3

Pipeline 4

Pipeline 5

3

Pipelines Number of Projects Identified

Total Value (in USD )

200m

4 340m

5 274.8m

2 350m

4m 2

Identified projects in the country (US$ Million)

0 50 100 150 200 250 300 350 400

Pipeline 1

Pipeline 2

Pipeline 3

Pipeline 4

Pipeline 5

Pipeline 1 Pipeline 2 Pipeline 3 Pipeline 4 Pipeline 5

On-grid Projects

Enabling Environment Enabling Environment Enabling Environment

Bioenergy & Cooking

Off-grid Projects

Energy Efficiency

Dynamics of the energy sector to unlock private investment in the country

Ghana is one of Africa’s leading business destinations – Wealth of resources

Democratic and stable political system

Dynamic economy

Attractive tax regime, incentives (tax holidays 5-10yrs; locational incentives); exemptions and guarantees

Increasing foreign direct investment (FDI)

Economic growth ≈4% (2014)

Dynamic and innovative services provided by financial and telecommunication subsectors

Thanks for your attention

10/24/2016

Contacts:

gdtettey@gmail.com

pedze@energycom.gov.gh