Siemens:Siemens signs €250m deal with GRIDCo to boost Ghana’s energy needs

Siemens has signed a Memorandum of Understanding (MoU) withthe Republic of Ghana to address the country’senergy and infrastructure challenges, while contributing to the Governmentsgrowth and development agenda of creating high quality jobs and enhancing thevocational skills of Ghana’s youth.

The MoU was signed by Siemens and the Ghana Grid CompanyLimited (GRIDCo) in the presence of President Nana Akufo-Addo, and thePresident and Global Chief Executive Officer of Siemens AG, Joe Kaeser.

Under the agreement, the two companies will workcollaboratively to upgrade and extend Ghana’stransmission infrastructure, improve the country’s gridcapacity and stability, enable and expand a stable power export to neighbouringcountries in the West African Power Pool.

“Access to electricity is an imperative need for the people andbusiness and, thus, for economic success of any economy. As Ghana hassignificantly invested into generation capacity, there is now an urgent need tobuild a reliable, affordable and sustainable electrical network for the countryand its people. With our proven and unique end-to-end electrificationsolutions, our expertise and reliability, Siemens can be a technology partnerand help the country achieve its objectives,” JoeKaeser, President and CEO of Siemens.

The President of Ghana has set out to achieve an ambitiousstrategy to transform the country, both socially and economically, driving itsprogress to becoming a sustainably industrialized county.

The Government is currently delivering on the promises madein their 2016 election manifesto. These goals include the issuing of NationalID Cards, the reduction of electricity prices, reviving Ghana’s railways and reversing the trend of declining economic growth.

“We applaud Ghana for all its achievements under the leadership ofPresident Nana Akufo- Addo. We are eager to contribute to Ghana’s successes by creating local value and being a powerful andreliable regional partner to the country’ssocio-economic development goals,” says Joe Kaeser.

To support Ghana’sincreasing need to reform the national Technical and Vocational Education andTraining (TVET) system, Siemens will also educate and train young Ghanaians invarious engineering disciplines and provide training on Siemens equipment forSTEM education and TVET.

Joe Kaeser further stated that Siemens is pleased to beentering this partnership and contributing to the growth and development ofGhana.

Improving the energy sector in Ghana is now one of the keypriorities for Siemens, therefore the implementation of this MoU will helpleapfrog the country and its people towards its industrial and societaldevelopment goals.

(Source: CNR)