Kpone IPP (KIPP) power station
| Part of the Global Oil and Gas Plant Tracker, a Global Energy Monitor project. |
| Related categories: |
Kpone IPP (KIPP) power station is an operating power station of at least 350-megawatts (MW) in Tema, Greater Accra, Ghana.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Kpone IPP (KIPP) power station | Tema, Greater Accra, Ghana | 5.6812, 0.04109 (exact)[1] |
The map below shows the exact location of the power station.
Unit-level coordinates (WGS 84):
- Unit 1: 5.6812, 0.04109
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | CHP | Start year | Retired year |
|---|---|---|---|---|---|---|---|
| Unit 1 | operating[2] | gas, fuel oil[3] | 350[4] | combined cycle[4] | not found | 2019[5] | – |
CHP is an abbreviation for Combined Heat and Power. It is a technology that produces electricity and thermal energy at high efficiencies. Coal units track this information in the Captive Use section when known.
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | Cenpower Generation Company Limited[5] | Central Bank of Nigeria; Sumitomo Corporation; Cenpower Holdings; Old Mutual Alternative Investments; FMO (Netherlands Development Finance Company); Harith General Partners |
Background
In October 2014, the financial close of US $900 million of project finance to develop the Kpone Independent Power Plant (KIPP) was reached.[6] The project finance comprises a US$650 million debt tranche and a US$250 million equity tranche.[6] The power generated by this station will be sold directly to the Electricity Company of Ghana (ECG), for integration into the Ghanaian national electricity grid.[7]In 2015, the project construction started.[8] In December 2014, the KIPP project reached its financial close.[9]The project was funded by six commercial banks and six Development Finance Institutions with a 15-year debt tenor.In June 2019, the Kpone Independent Power Plant achieved commercial operations. It is among the largest IPPs in Ghana, accounting for approximately 10% of Ghana’s total installed capacity and approximately 15% of its available thermal generation capacity.[10] As a Combined Cycle Gas Turbine (CCGT) plant, it is among Ghana’s most fuel-efficient thermal power stations.[10] The plant is: [10] * The first licensed IPP in Ghana.* The first greenfield project financed IPP in Ghana, taking fuel supply risk.* The first project to provide a working capital facility through a fuel financing facility for the Electricity Company of Ghana (ECG).* The first thermal IPP project financed in Sub-Saharan Africa.* Sumitomo Corporation (Japan)’s first thermal IPP investment in Africa.The project also received four international awards:[6]* The African Banker Award: African Banker’s 2015 Infrastructure Deal of the Year* The EMEA Finance Magazine: Best Power Deal in EMEA* The pan-African Africa Investor (AI) Award: AI Best Power Deal of the Year 2015* Thttps://www.vra.com/our_mandate/kpone_thermal_power_station.phphomson Reuters PFI Award (London): Africa’s Power Deal of the Year 2014
Articles and Resources
References
- ↑ https://www.google.com/maps/place/Kpone+Independent+Power+Plant/@5.68120570.0399917556m/data=!3m1!1e3!4m5!3m4!1s0x10207efc142a91e1:0x720649d48275e7c!8m2!3d5.6816207!4d0.0409734.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://web.archive.org/web/20221026133806/https://www.energycom.gov.gh/files/2021%20published%20Energy%20Statistics.pdf. Archived from the original (PDF) on 26 October 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20210920194551/https://www.esi-africa.com/top-stories/ghana-kpone-ipp-thermal-power-plant-making-progress/. Archived from the original on 20 September 2021.
{{cite web}}: Missing or empty|title=(help) - ↑ 4.0 4.1 https://web.archive.org/web/20221126160627/https://cenpowergen.com/about. Archived from the original on 26 November 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 https://web.archive.org/web/20221009024742/https://www.cenpowergen.com/. Archived from the original on 09 October 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 6.0 6.1 6.2 "Financing Cenpower Kpone 340 MW IPP, Ghana". Development Bank of Southern Africa. Retrieved 2022-07-25.
- ↑ "Ghana: Kpone IPP thermal power plant making progress - ESI-Africa.com". ESI-Africa.com. 2015-07-30. Retrieved 2022-07-25.
- ↑ "Kpone Thermal Power Station II".
{{cite web}}: CS1 maint: url-status (link) - ↑ Super User. "KIPP". cenpowergen.com. Retrieved 2022-07-25.
{{cite web}}:|last=has generic name (help) - ↑ 10.0 10.1 10.2 "Cenpower Generation Company Limited (Cenpower or CGC)". www.cenpowergen.com. Archived from the original on March 5, 2021. Retrieved January 28, 2022.
Additional data
To access additional data, including an interactive map of gas-fired power stations, a downloadable dataset, and summary data, please visit the Global Oil and Gas Plant Tracker on the Global Energy Monitor website.
