Micoperi and Quantum Power Have Reached Agreement on the EPC Role for the Tema Liquefied Natural Gas (LNG) Import, Storage, Regasification and Delivery Facility, Commencing Construction in Ghana in 2016

ACCRA, Ghana--()--The Tema LNG Import, Storage and Regasification Facility (the “Tema LNG Facility”) will provide the Ghana National Petroleum Corporation (“GNPC”), in its capacity as National Gas Aggregator, with the ability to secure competitively priced liquefied natural gas (“LNG”) to supplement indigenous gas, providing significant security of fuel supply and unlocking investment in a new wave of power plant capacity expansion. The Tema LNG Facility will have the capacity to fuel over 2,000 MW of power generation. LNG will significantly cut fuel costs for Ghana's existing thermal power plants and those which will be developed in the future.

Micoperi is pleased to announce that it has been selected by Quantum Power, in consultation with its Project partner GNPC, as the Engineering, Procurement and Construction (EPC) contractor to the Tema LNG Facility.

Claudio Bartolotti, Vice President of Micoperi stated: “We are delighted to have been selected to execute the EPC for this project of strategic importance, not only for Ghana but also the wider West Africa region. Micoperi’s established experience in Ghana and in delivering similar projects in other markets ensures execution to the highest international standards.”

Matty Vengerik, CEO of Quantum Power, added: “Following the rigorous international EPC tender process which we launched last year, Micoperi has emerged as the successful bidder. We look forward to a professional collaboration to ensure the timely commissioning of this strategic facility, which has the full backing of the Government of Ghana.”

In February 2016, Quantum Power signed a heads of agreement with GNPC for the construction and operation of the Tema LNG Facility.

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Notes to Editors

Micoperi is a leading offshore contractor providing subsea solutions to the oil and gas industry worldwide. Part of the Protan group of companies, Micoperi is self-sufficient in undertaking a wide range of offshore construction activities. Its wholly-owned and expanding fleet of vessels consists of three large-diameter pipe-lay barges, both with heavy lift installation capability, diving support, anchor handling and support vessels, and transport and accommodation barges.

Quantum Power is a pan-African power and energy infrastructure investment platform currently operating in Ghana, Kenya, Mozambique, Namibia, Nigeria, Rwanda, Senegal, South Africa and Zambia, with administrative offices in London and Cyprus. Quantum Power is affiliated with the Quantum Pacific Group, an international group of businesses with interests across a broad range of industries and geographies, focusing on shipping, chemicals, energy and transportation.

Contacts

Quantum Power
Raj Mann
t: +44 20 7041 0016
m: +44 7950 208 440
raj.mann@quantum-power.com
or
Micoperi
Matteo Babini
t: +39 0544 422252
m: +39 335 128 3566
matteo.babini@micoperi.com

Contacts

Quantum Power
Raj Mann
t: +44 20 7041 0016
m: +44 7950 208 440
raj.mann@quantum-power.com
or
Micoperi
Matteo Babini
t: +39 0544 422252
m: +39 335 128 3566
matteo.babini@micoperi.com