Micoperi Bags Tema LNG Project EPC Contract

Micoperi on Friday announced it has been selected by Quantum Power, in consultation with its project partner Ghana National Petroleum Corp. (GNPC), as the engineering, procurement and construction (EPC) contractor to the Tema LNG project in Ghana.

The Tema project will provide GNPC with the ability to secure competitively priced LNG to supplement indigenous gas, providing significant security of fuel supply and unlocking investment in a new wave of power plant capacity expansion, Micoperi said.

The Tema LNG project will have the scalable ultimate capacity to receive, store, regasify and deliver, at steady state, of about 3.40 million tons of LNG per year, equivalent to 500 million standard cubic feet of gas per day utilizing a dedicated floating storage and regasification unit (FSRU) moored off-shore Tema. The facility will have the capacity to fuel over 2,000 MW of power generation. LNG will significantly cut fuel costs for Ghana's existing thermal power plants and those which will be developed in the future.

Claudio Bartolotti, Vice President of Micoperi stated: “We are delighted to have been selected to execute the EPC for this project of strategic importance, not only for Ghana but also the wider West Africa region. Micoperi’s established experience in Ghana and in delivering similar projects in other markets ensures execution to the highest international standards.”

In February 2016, Quantum Power signed a heads of agreement with GNPC for the construction and operation of the Tema LNG Facility. The project has been under development for three years and is scheduled to come online by the end of 2016.

Quantum Power is a pan-African energy infrastructure investment platform, currently operating in Ghana, Kenya, Mozambique, Namibia, Nigeria, Rwanda, Senegal, South Africa and Zambia.