Cenpower Generation Company - Accra

Cenpower Generation Company Limited (Cenpower or CGC) is an innovative Special Purpose Vehicle created to construct the Kpone Independent Power Plant (KIPP) in the Tema industrial zone near Accra, Ghana's capital. Expected to come online in 2017, the KIPP will be one of the largest private IPPs in the country, providing approximately 10% of Ghana's total installed capacity and 15% of its available thermal energy capacity. As a Combined Cycle Gas Turbine (CCGT) plant, it will be highly efficient and, once operational, will be a key component in meeting Ghana's growing electricity demand. Cenpower brings with it many financing firsts: it is the first licensed IPP in Ghana, the first Greenfield project to be funded through an IPP in Ghana while taking fuel supply risks, the first project to  

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provide a working capital facility through a fuel financing facility for the Electricity Company of Ghana (ECG), and the first thermal IPP project to be financed in Sub-Saharan Africa. Sumitomo Corporation (Japan) is also making its first thermal IPP investment in Africa through Cenpower.