24-Hour Economy Authority signs MOU with ATRI Energy

The 24-Hour Economy has entered into a Memorandum of Understanding (MOU) with ATRI Energy Transition Private Limited, an Indian company focused on renewable energy and mobility solutions.

This agreement, facilitated by the government through the 24-Hour Economy and Accelerated Export Development Secretariat, is anticipated to generate around 160,000 direct and indirect jobs as part of a new renewable energy initiative designed to promote continuous economic activity.

During the MOU signing ceremony held at the 24-Hour Secretariat in Accra on March 5, 2026, Mr. Augustus Goosie Tanoh, the Presidential Advisor on the 24-Hour Economy, remarked that this agreement marks the beginning of several collaborative development projects expected to contribute up to 2,000 megawatts of renewable energy to Ghana’s national grid over the next five years.

He elaborated that the initiatives would involve the development of approximately 40,000 hectares of grass plantations, the establishment of solar parks, the creation of agro-ecological zones, and various value chain activities related to energy and transport infrastructure. The anticipated jobs will stem from multiple large-scale projects planned under this partnership.

Mr. Tanoh also mentioned that the program has set cost limits for electricity generation to ensure it remains affordable for businesses operating within the 24-hour economic framework. He stated, “These initiatives aim to provide structured, affordable, and sustainable power for the multi-economic corridor under the 24-hour economy program. Our tariff structure stipulates that if the system includes battery storage, we will cap the cost at seven cents per kilowatt-hour. Without storage, we aim to keep costs between four and five cents, which is significantly lower than the current average of about 15 cents.”

Sammidi Kishore, the Founder of ATRI Energy Transition Private Limited, expressed optimism about the partnership with Ghana. He highlighted ATRI’s plans to establish a biofuel plant with a capacity of 20 tonnes per day, develop a 100-megawatt solar installation, and implement mobility initiatives, including the deployment of 500 to 1,000 electric buses within the next 24 months. He also noted that the partnership presents an opportunity to leverage the agricultural and hydrological potential of the Volta Basin to support large-scale biofuel production.

Representatives from various financial and energy institutions were present to witness the signing ceremony.

Source: Bugbila Moadow.