25 January 2010-- Magellan Aerospace has signed an agreement with the Republic of Ghana to provide a turnkey natural gas-fired combined cycle power generation plant in Ghana for $187 million over a 24-month period. Magellan's Orenda Aerospace unit in Canada will deliver the gas-fired plant.
The project is expected to produce 132 MW of power for Ghana. Magellan will obtain four 25 MW gas turbines for packaging as combined cycle that will be able to run on either liquid fuel, such as light crude oil or diesel fuel, or natural gas. The turbines will be provided by Zorya-Mashproekt in Ukraine and will be packaged in Canada.
The Canadian Commercial Corp., Canada's international contracting agency, took on the role of prime contractor, signing the commercial contract with Ghana's Ministry of Energy and another with Magellan to facilitate the power plant delivery.
The joint venture of HPI Technologies Inc. and S&W Energy Solutions will supply steam turbines as well as balance of plant engineering, procurement and construction services to Magellan for the project.
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