Flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, has pledged to utilize private sector financing to complete the Pwalugu Dam project in northern Ghana.
Speaking at the launch of the party’s manifesto at Takoradi on Sunday, August 18, the vice president said the dam will be his priority.
“I will prioritise the construction of the Pwalugu Dam by using private sector financing to crowd in grant financing,” he said.
Dr Bawumia added that will leverage the private sector’s capabilities to enhance infrastructure development in Ghana.
This, he said, forms part of his vision for involving private enterprises in the nation’s infrastructural projects.
The $993 million Pwalugu Dam, commissioned in 2019, was scheduled to be completed this year.
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The project includes the construction of a roller-compacted concrete dam 168 metres above sea level near the Pwalugu Bridge on the White Volta River and a reservoir covering an area of 262 square kilometres.
Other components include a powerhouse consisting of two Kaplan turbines with 60 megawatts of installed capacity and a solar power plant of 50 megawatts.
An irrigation scheme consisting of a 20-metre high water weir and canal network covering about 25,000 hectares was also to be installed.
However, the dam site appears empty despite spending $12 million on it.