Kpone IPP (KIPP) power station
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Kpone IPP (KIPP) power station is a 350-megawatt (MW) operating power station in Tema, Greater Accra, Ghana, fueled by fuel oil and gas.
Project Details
Table 1: Unit-level details for Kpone IPP (KIPP) power station
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | CHP[1] | Start year | Retired year |
|---|---|---|---|---|---|---|---|
| 1 | operating[2] | fuel oil, gas[3] | 350 MW | combined cycle[4] | not found | 2019[5] | – |
Table 2: Unit-level ownership details for Kpone IPP (KIPP) power station
| Unit name | Operator | Owner | Parent |
|---|---|---|---|
| 1 | – | Cenpower Generation Company Limited[100.0%][5] | Central Bank of Nigeria[unknown%]; Sumitomo Corporation[unknown%]; Cenpower Holdings[unknown%]; Old Mutual Alternative Investments[unknown%]; FMO (Netherlands Development Finance Company)[unknown%]; Harith General Partners[unknown%][6][7][8][9][10][11] |
Location
Table 3: Plant-level location details for Kpone IPP (KIPP) power station
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Kpone IPP (KIPP) power station | Tema, Greater Accra, Ghana | 5.6812, 0.0411 (exact)[12] |
The map below shows the exact location of the power station.
Background
In October 2014, the financial close of US $900 million of project finance to develop the Kpone Independent Power Plant (KIPP) was reached.[13] The project finance comprises a US$650 million debt tranche and a US$250 million equity tranche.[13] 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.[14]In 2015, the project construction started.[15] In December 2014, the KIPP project reached its financial close.[16]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.[5] As a Combined Cycle Gas Turbine (CCGT) plant, it is among Ghana’s most fuel-efficient thermal power stations.[5] The plant is: [5] * 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:[13]* 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
Additional data
To access additional data, including an interactive map of gas-fired power plants, a downloadable dataset, and summary data, please visit the Global Gas Plant Tracker on the Global Energy Monitor website.
References
- ↑ CHP = Combined Heat and Power
- ↑ "www.energycom.gov.gh/files/2021%20published%20Energy%20Statistics.pdf" (PDF). Retrieved January 20, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Ghana: Kpone IPP thermal power plant making progress". ESI-Africa.com. July 30, 2015. Archived from the original on June 3, 2021. Retrieved January 29, 2022.
- ↑ "About Us". www.cenpowergen.com. Archived from the original on June 2, 2021. Retrieved January 28, 2022.
- ↑ 5.0 5.1 5.2 5.3 5.4 "Cenpower Generation Company Limited (Cenpower or CGC)". www.cenpowergen.com. Archived from the original on March 5, 2021. Retrieved January 28, 2022.
- ↑ "住友商事株式会社". lei.report. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
- ↑ "Shareholding – Africa Finance Corporation". Archived from the original on June 25, 2021. Retrieved January 29, 2022.
- ↑ "Anergi – Powering the Future". www.anergigroup.com. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
- ↑ "Our Shareholder - African Infrastructure Investment Managers (AIIM)". www.aiimafrica.com. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
- ↑ "Our Sponsors / Equity & Debt Investors". www.cenpowergen.com. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
- ↑ "www.africafc.org/wp-content/uploads/2019/03/AFC-FY2019-results-Presentation-Apr-2020_FINAL.pdf" (PDF). Archived (PDF) from the original on September 7, 2021.
- ↑ https://www.google.com/maps/place/Kpone+Independent+Power+Plant/@5.6812057,0.0399917,556m/data=!3m1!1e3!4m5!3m4!1s0x10207efc142a91e1:0x720649d48275e7c!8m2!3d5.6816207!4d0.0409734.
{{cite web}}: Missing or empty|title=(help) - ↑ 13.0 13.1 13.2 "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.
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