MasterBuild Africa

World’s largest power plant to be built in Ghana

Posted on

Cenpower Generation Limited has signed an agreement for the construction of Kpone Independent Power Plant (KIPP) in the Tema Industrial Zone in, Ghana. Upon completion, this would be the largest independent power plant in the world.

The Combined Cycle Gas Turbine (CCGT) power plant is projected to start stream in 2017. It will be amongst Ghana’s most fuel-efficient thermal power stations in meeting their growing electricity demand.

“Africa’s public and private sectors are coming together in innovative and sustainable partnership to create bankable energy infrastructural projects in response to the continent’s economic growth”, said Oliver Andrews- Executive Director and Chief Investment Officer of the African Finance Corporation (AFC).

The Kpone Independent Power Project is being financed through a commercial debt package arranged by FirstRand Merchant Bank – South Africa’s third biggest bank division of the FirstRand Bank. The bank would act as a coordinating lead arranger to the arrangement.

The Kpone municipality gas power plant will help Ghana generate low cost, reliable and efficient thermal power. It is expected that the plant will help deregulate Ghana’s electricity sector.

Source: ConstructionReviewOnline

Leave a Reply

Your email address will not be published. Required fields are marked *