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.

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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

  1. CHP = Combined Heat and Power
  2. "www.energycom.gov.gh/files/2021%20published%20Energy%20Statistics.pdf" (PDF). Retrieved January 20, 2022.{{cite web}}: CS1 maint: url-status (link)
  3. "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.
  4. "About Us". www.cenpowergen.com. Archived from the original on June 2, 2021. Retrieved January 28, 2022.
  5. 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.
  6. "住友商事株式会社". lei.report. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
  7. "Shareholding – Africa Finance Corporation". Archived from the original on June 25, 2021. Retrieved January 29, 2022.
  8. "Anergi – Powering the Future". www.anergigroup.com. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
  9. "Our Shareholder - African Infrastructure Investment Managers (AIIM)". www.aiimafrica.com. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
  10. "Our Sponsors / Equity & Debt Investors". www.cenpowergen.com. Archived from the original on September 7, 2021. Retrieved January 29, 2022.
  11. "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.
  12. 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. 13.0 13.1 13.2 "Financing Cenpower Kpone 340 MW IPP, Ghana". Development Bank of Southern Africa. Retrieved 2022-07-25.
  14. "Ghana: Kpone IPP thermal power plant making progress - ESI-Africa.com". ESI-Africa.com. 2015-07-30. Retrieved 2022-07-25.
  15. "Kpone Thermal Power Station II".{{cite web}}: CS1 maint: url-status (link)
  16. Super User. "KIPP". cenpowergen.com. Retrieved 2022-07-25. {{cite web}}: |last= has generic name (help)