LMI Holdings will provide the new Dawa Industrial Zone (Dawa IZ) in Accra, Ghana with a drinking water plant. This is the result of a recent financing agreement between the Ghanaian company and the International Finance Corporation (IFC), the World Bank's group subsidiary.
On 27 July 2022, the International Finance Corporation (IFC) granted a $30 million loan to Ghana. Part of the financing will be used to build a drinking water plant in the new Dawa Industrial Zone (Dawa IZ), located in Accra, Ghana. The construction company LMI Holdings, which is contracting the loan, will build the plant.
The future plant will have a production capacity of 4,000 m3 of drinking water per day. The production will be distributed among the ten or so companies located in the Dawa industrial zone. “The water treatment plant will be the first private production of high quality water for industry in Ghana,” says the IFC.
Increasing the productivity of industries
The Dawa Industrial Estate is home to light and heavy industries in a variety of sectors, including food processing, garments and textiles, logistics, materials and metal fabrication. The new water plant is expected to meet their water needs, “facilitating Ghana’s industrialisation ambitions and boosting exports,” says Kojo Aduhene, CEO of LMI Holdings.
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As part of the partnership, the Accra-based company will also build a 16.8MW rooftop solar power plant to power businesses operating in the Tema Free Zone (Tema FZ) on the outskirts of Accra. The facility will reduce emissions by about 10,000 tonnes of CO2 equivalent per year, contributing to the West African country’s climate agenda of effective adaptation, social development and climate change mitigation.
Inès Magoum
