Ghana set for nuclear power generation by 2030

The Executive Director for Nuclear Power Ghana (NPG), Ing. Theo Nii Okai, says Ghana is on course to meet the generation of power from nuclear sources by 2030.

His comment follows efforts to complete the first phase of the implementation plan by the end of 2020.

The NPA boss made the remark in an interview with Citi Business News during an interaction with a review mission from the International Atomic Energy Agency (IAEA).

“We should be able to switch on the nuclear power plant by 2030,” he emphasized.

The review mission is embarking on a three-day working visit to Ghana.

It will among other things identify some areas to be improved in Ghana’s document and implementing strategy for adopting nuclear power to meet its energy demand needs.

Presently, Ghana sources its energy needs largely from hydro and thermal which are considered relatively expensive compared to nuclear.

The initial investment cost for Nuclear energy is relatively expensive compared to thermal and hydro.

But considering the relative stability in terms of supply and the cost, the relevant agencies in the power sector are working to get the vision implemented as planned.

This is also expected to assist in planning by consumers of power; both domestic and industrial, as there would be room to plan in terms of budget and reliability.

Commenting on the progress made so far, Ing. Theo Nii Okai was confident his outfit will be granted the needed support to help in achieving the set objective.

“The initial cost of nuclear is very high just like hydro; but because the plants can last for a very long time, it means over that period, you will be able to recover and therefore sell the electricity very cheap because over the lifespan of the plant, you would have recouped your investment,” he noted.

source citibusinessnews