The total net annual electricty generation for all units is estimated at 22,574 MWh. The power output is exported to the national grid of Ghana.
The project is expected to generate 8,948 tonnes of CO2e of emissions reductions each year, which was in incentive for its inclusion on the Standard Bank Renewable Energy Programme. The Standard Bank aims to promote and support the implementation of grid-connected electricity generation plants/units from renewable energy sources.
Standard Bank Plc will act as the Coordinating / Managing entity (CME) for this PoA. Standard Bank Plc or any of its affiliate will act as the Programme Manager and will assess project activities before submission to the DOE for CPA inclusion. In quality of programme manager, it will be the responsibility of the CME to:
- design the overall program,
- develop and manage an appropriate operational structure for the proposed PoA,
- provide support and guidance to all stakeholders,
- enforce compliance of the technology and the CPA(s) of potential independent implementers with PoA requirements,
- act as a liaison with Ghana, Kenya and Mauritius Designated National Authorities, Designated Operational Entities, and the CDM Executive Board,
- be responsible for data collection, management and monitoring activities,
- monetize the carbon credits generated by the PoA,
- oversee all institutional communication regarding this PoA.
Standard Bank Plc will enter into a contractual agreement with each CPA implementer, giving Standard Bank Plc the legal rights to deal with the carbon credits that will be generated from these projects and monitor the project implementation and all necessary parameters that are required for the calculation of
emission reductions from each CPA. The conditions for participation shall be in line with the eligibility criteria of the projects for inclusion in the PoA and shall be elaborated in the agreements between Standard Bank Plc and the project developers or other entities.