Volta River Authority May Sell Gas and Oil Fired Power Plants in Ghana for USD2 Billion

Published: Nov 10 2017
Deal Summary

Volta River Authority, a power generation, transmission and distribution company, intends to sell gas and oil fired power plants situated in Ghana, for a consideration of USD2 billion, as reported by Reuters, citing government sources.

According to Reuters, Volta River Authority intends to use the proceeds from the divestment to repay its debt. The company has appointed Fieldstone Private Capital Group and PricewaterhouseCoopers International Limited as financial advisors to the transaction. Boulders Advisors Limited and Mott MacDonald Group Ltd are acting as co-managers while Bentsi-Enchill, Letsa & Ankomah is acting as legal advisor to the transaction, the Reuters added.

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