Indian firm Shapoorji Pallonji and the Israeli renewable energy firm Yam Pro Energy are planning to build a 150-MW wave power plant in Ghana. The two parties signed a MoU on the project that should see completion within the next three years.
The two firms will undertake the project with an unnamed local partner.
With an estimated cost of $180 million, the plant will be delivered in phases. The first will have a capacity of 10 MW.