Amandi Energy
Amandi Energy is a Ghanaian independent power producer developing a 200MW combined cycle, dual-fuel power plant near Aboadze, selling electricity to state-owned utilities (VRA, ECG, GridCo) under long-term PPAs to supply over 120,000 homes across Ghana's national grid.
- Company typePrivate
- Founded2017
- HeadquartersAccra, Ghana
- Headcount11–50
- GTM typeB2B
- OfferingServices
Amandi Energy firmographics
Firmographics- Name
- Amandi Energy
- Legal name
- Amandi Energy Limited
- Website
- https://aelgh.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Amandi Energy is a Ghanaian independent power producer developing a 200MW combined cycle, dual-fuel power plant near Aboadze, selling electricity to state-owned utilities (VRA, ECG, GridCo) under long-term PPAs to supply over 120,000 homes across Ghana's national grid.
- Ownership category
- akta.pro rank
Amandi Energy industry classification
Industry- Product category
- Power Generation
- NAICS
- Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)
- akta.pro secondary industries
- Utility-Scale Power Generation Asset Management (EUAEAMAA), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)
Keywords
Where Amandi Energy is headquartered
LocationHeadquarters
- HQ city
- Accra
- HQ country
- Ghana
- HQ region
- Africa
Offices1 record
Markets served
Amandi Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel
Revenue model
- Power Generation and Sale: Amandi Energy operates as an independent power project (IPP) company that develops, finances, constructs, and operates power generation facilities. Revenue is generated through long-term power purchase agreements (PPAs) with government offtakers such as the Volta River Authority, Electricity Company Ghana, and GridCo, selling electricity to the Ghanaian national grid.
Go-to-market motion1 record
Distribution channels1 record
Amandi Energy product offering
Product offeringCore offering
Amandi Energy develops, finances, constructs, and operates power generation facilities in Africa. Its primary asset is the Amandi Power Project, a 200MW combined cycle dual-fuel power plant located near Aboadze in the Western region of Ghana, using light crude oil as primary fuel, natural gas as backup, and diesel for start-up/shut-down routines. Electricity is sold under long-term power purchase agreements to Ghanaian government utilities for transmission via the national grid.
Product overview
Amandi Energy operates a single primary offering: the Amandi Power Project, a 200MW combined cycle, dual-fueled power plant located in Aboadze, Ghana. The plant operates using light crude oil as primary fuel, natural gas when available, and diesel for start-up/shut-down routines. The power generation process captures heat from the gas turbine via a Heat Recovery Steam Generator to drive a steam turbine, with steam condensed via an air-cooled condenser. The project includes sea water supply and treatment infrastructure, bunkering facilities for light crude oil, and space for a future natural gas receiving station. This is a unified infrastructure project rather than a modular product platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Amandi Power Project A 200MW combined cycle dual-fuel power generation facility located near Aboadze in the Western region of Ghana. The plant uses light crude oil as primary fuel, natural gas as secondary fuel when available, and diesel for start-up/shut-down routines. It captures heat from the gas turbine via a Heat Recovery Steam Generator to drive a steam turbine, with steam condensed via an air-cooled condenser. The project includes sea water supply and treatment infrastructure, bunkering facilities, and space provision for a future natural gas receiving station. Electricity is supplied to the Ghanaian national grid under long-term power purchase agreements with government utilities, capable of powering over 120,000 homes with a 30+ year operational life.
Quantifiable outcome
- Power supply for over 120,000 homes
- +2 more outcomes
Companies that use Amandi Energy
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Amandi Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Amandi Energy partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Volta River Authority (VRA)coreVolta River Authority is a Government Partner and major offtaker for the Amandi Power Project. VRA is Ghana's state-owned electricity generation company that operates hydroelectric and thermal power plants.
- Electricity Company Ghana (ECG)coreElectricity Company Ghana is a Government Partner and distribution utility offtaking power from the Amandi Power Plant for distribution to consumers across Ghana.
- GridCocoreGhana Grid Company Limited is a Government Partner responsible for operating and maintaining Ghana's national grid infrastructure, transmitting electricity from the Amandi Power Plant to distribution networks.
- Environmental Protection AgencycoreGhana's Environmental Protection Agency is a Government Partner ensuring the Amandi Power Project complies with environmental standards and regulations.
- Energy CommissioncoreGhana's Energy Commission is a Government Partner responsible for regulating and developing the country's energy sector, providing regulatory oversight for the power project.
- Ministry of FinancecoreGhana's Ministry of Finance is a Government Partner providing governmental oversight and support for the Amandi Power Project financing and operations.
- Ministry of PowercoreGhana's Ministry of Power is a Government Partner providing policy direction and regulatory oversight for the power generation sector.
- Ministry of EnergycoreGhana's Ministry of Energy is a Government Partner providing energy policy oversight and coordination for the power sector.
- Government of GhanacoreThe Government of Ghana requested the development of the Amandi Power Project as an emergency power solution to address immediate demand for reliable power. The government provides regulatory support and has entered into power purchase agreements through its entities.
- Ghana National Petroleum CorporationminorGhana National Petroleum Corporation is a Government Partner providing petroleum-related expertise and potentially supporting fuel supply for the dual-fuel power plant.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
Amandi Energy competitors and assessment
Company assessmentEmerging players
- Endeavor Energy: Lead sponsor of the Amandi Power Project and Denham Capital portfolio company; advisor to the World Bank's Global Infrastructure Facility. Direct overlap on the asset itself, with a broader Africa-focused IPP pipeline of similar technologies.
- Aldwych International: Co-sponsor of the Amandi Power Project and developer of 20 power projects totaling 11,000MW globally, primarily in Africa. Highly relevant as a co-developer with deep overlap in target markets and customer set, though more diversified across geographies.
Direct peers
- Globeleq: UK-headquartered IPP focused exclusively on Sub-Saharan Africa, developing, owning and operating utility-scale power assets under PPAs with state utilities. Closely comparable on business model, geography, and DFI-backed capital structure.
- Eranove: Pan-African utility and power operator with concessions and IPP assets across West and Central Africa (including Côte d'Ivoire and Senegal). Comparable as an integrated utility/IPP operating under long-term concessions with national off-takers in the same regional market.
- Karpowership: Operates floating, barge-mounted powerships under long-term PPAs with African national utilities, including in Ghana. Comparable as a thermal-fuel IPP serving the same offtaker type, though using ship-mounted engines rather than grid-connected combined-cycle turbines.
- Early Power (MYTILINEOS Energy & Metals): MYTILINEOS developed and operates the Early Power 400MW thermal IPP in Tema, Ghana, selling under PPA to ECG/VRA. Highly comparable on fuel type, geography, and offtaker base, at a slightly larger scale.
- Cenpower Generation Company: Operator of the 350MW Kpone Independent Power Project, a combined-cycle thermal IPP in Ghana selling to the same state-owned offtakers (VRA, ECG, GridCo). Closest comparable on technology (combined cycle thermal), geography, customer set, and PPA structure.
Broad incumbents
- Voltalia: French renewable IPP with significant African footprint (solar, wind, hybrid). Comparable as an IPP selling to African national utilities under PPAs, though focused on renewables rather than thermal combined-cycle technology.
- Aggreko: Global leader in temporary and mobile power generation, with significant Africa operations including emergency/utility-scale deployments. Comparable as a power-generation solutions provider serving African utilities under medium-term contracts, but broader and more fleet-based.
- Masdar: Abu Dhabi-based clean energy investor/developer with active renewable and conventional power investments across Africa. Comparable as a DFI-/sovereign-backed power developer operating in the same region and customer set, though predominantly renewable.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Amandi Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amandi Energy leadership team
Management profileNumber of profiles
Amandi Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amandi Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Amandi Energy
What does Amandi Energy do?
Amandi Energy develops, finances, constructs, and operates power generation facilities in Africa. Its primary asset is the Amandi Power Project, a 200MW combined cycle dual-fuel power plant located near Aboadze in the Western region of Ghana, using light crude oil as primary fuel, natural gas as backup, and diesel for start-up/shut-down routines. Electricity is sold under long-term power purchase agreements to Ghanaian government utilities for transmission via the national grid.
Is Amandi Energy a public or private company?
Amandi Energy is a private company. It is classified as corporate owned and is currently operating.
When was Amandi Energy founded?
Amandi Energy was founded in 2017. It employs 11 to 50 people.
Where is Amandi Energy based?
Amandi Energy is headquartered in Accra, Ghana, in the Africa region.
How does Amandi Energy make money?
One revenue line is on record: power Generation and Sale.
Who are Amandi Energy's main competitors?
Emerging players on record are Endeavor Energy and Aldwych International. Direct peers are Globeleq, Eranove, Karpowership, Early Power (MYTILINEOS Energy & Metals) and Cenpower Generation Company. Broad incumbents are Voltalia, Aggreko and Masdar.
Does Amandi Energy have an API?
No public API is recorded for Amandi Energy.
What industry is Amandi Energy in?
Amandi Energy's product category is Power Generation. Its primary akta.pro industry code is EUAEAAAA, Thermal Power Plant EPC (Gas/Coal/Oil), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 22111 and its SIC code is 4991.