Exploring “overseas energy” is one of the most essential development strategies of Shenzhen Energy Group.
After hosting the first-ever overseas project of Shenzhen Energy Group Company (SEC), Ghana has become a strategic location for Shenzhen Energy Group (SEC) and has inured to our company enough experience and confidence to lead an ‘energy revolution’ in the African power market.
Ghana and West Africa, as the bridgehead of Shenzhen Energy Group’s development in Africa, will attract more and extensive opportunities in power generation infrastructure taking advantage of the continent’s abundant stock and flow of resources as well as its nascent national and regional interconnection systems.
This strategy is to leverage the over 30 years experience of SEC in commercial electricity production using conventional and industrial power generation sources (hydro, thermal- gas-to-power, oil-to-power), new energy technology (Wind, Mini-hydros, agro-PV, Solar PV, hybrid installations), and clean energy (LNG-to-power, urban gas, renewables, etc) to ensure that Africa’s power supply system is sufficient, reliable, affordable, modernized, efficient and environmentally friendly.
As pacesetters in Ghana’s energy space, in 2017, SEC established a project development and implementation unit called the West Africa Development Unit (WADU).
Its mandate is to lead prospect and undertake project development to add on to the installed clean and renewable energy generation capacity of SEC in Africa with West Africa as a priority under various commercial arrangements and partnerships such as IPPs and PPPs (BOT, BOO, etc.).
Established in June 1991, Shenzhen Energy Group Co Ltd, the parent company of Sunon Asogli Power company, is one of the experienced and influential Independent Power Producers with its headquarters in Shenzhen, Guandong Province.
SEC has embarked on the strategic deployment of power plants and vigorously expanded its renewable energy portfolio across China and beyond.
SEC has energy project investments in over twenty-two (22) provinces and cities in China.
Under its power generation arm, its installed capacity is over 14GW with about 6GW being renewable energy. Its total and net assets amount to over $12 billion and $4 billion respectively. In addition, SEC owns an ocean fleet with 6 Panama Bulk Carriers.
| Type | Installed Capacity (MW) | Share (%) |
|---|---|---|
| Coal | 6019.0 | 25.37 |
| Natural Gas | 9051.4 | 38.14 |
| Hydro | 1013.0 | 4.2 |
| Wind | 3839.5 | 16.14 |
| Solar | 2653.1 | 11.18 |
| WTE | 1163.0 | 4.90 |
| Total | 23,729.0 |
