Deal #6620 Version #76376

Sugarcane factory: sugar, ethanol and power generation

PPP. The private partner Agripark has an operational licence to access the assets of the state including the land of 3,000ha. Sugarcane will be produced from both the state's nucleus farm and also through outgrower schemes. In total over 6,000acrs are required for supply sugar cane to the factory. There used to be an old sugar factory, for which the government acquired land. The new factory is located on land that used to be a sugar cane farm supplying the old factory.

originally commenced in 1960. Rebuild in 2016 but fell into disuse. New strategic investor signed up in 2019 who will start activities in 2020. Ran as a PPP

Factory was opened in 2016, now project is on hold due to lack of raw material to feed the factory and financial issues. Project not abandoned, investors are trying to revive it. A field visit in 2020 by the Ghana Data Campaign found the factory was still not operational.

Over the first three years of the agreement, Park Agrotech will invest US$28 million in capital expenditure and working capital, including paying an annual concession fee of US$3.3 million for a period of 15 years (https://www.newsguideafrica.com/2020/06/komenda-sugar-factory-to-resume.html)

SEFTECH Ltd was contracted to develop 50 acres of sugarcane nursery (2016)