METKA, a leading international EPC (Engineering-Procurement-Construction) contractor and industrial manufacturing group active within the energy, infrastructure and defense sectors, has signed a deal for its first major project in sub-Saharan Africa concerning fast-track EPC development of a 250-MW power station in Ghana.
A five-year project to be taken on by a fully-owned METKA subsidiary firm, Power Projects Sanayi Insaat Ticaret Limited Sirketi (Power Projects Limited), it will be based on a BOOT (Build, Own, Operate and Transfer) model.
The deal constitutes part of an emergency plan being pursued by the Ghanese government to tackle electricity shortages in Ghana. It also secures METKA’s first EPC and O&M project in sub-Saharan Africa’s developing energy market.
The project adds over 350 million US dollars to METKA’s current backlog of projects and represents further progress in the company’s strategic objective of capitalizing on its broadened presence in the Middle East and North Africa regions in order to establish itself as a leader in the sub-Saharan energy market.
To facilitate this effort, METKA, a member of the Mytilineos Group – a leading independent energy producer in Greece – has launched a regional office in Accra, the Ghanese capital.