TC's Energy USA and its partners, Power China Huadong Engineering Corporation Ltd and Seabased of Sweden, have signed a major agreement to finance and revive the Ada Foah Energy Project, which has stalled for years.
TC's Energy Ghana, a wholly Ghanaian owned company is the local counterpart to the project.
The project seeks to establish a wave energy park in the Gulf of Guinea in Ghana, about 17 km off the coast of Ada to generate 1,000 megawatts (MW/H) of power from sea waves, employing an environmentally friendly technology – the 'SEABASED' Wave Energy Converters (WEC).
