The Kpone power plant is situated in the heavy industrial area of Tema, a coastal town of about 24 km to the east of Accra.
This is an ideal location, close to all main logistical interconnections; adjacent to the West African Gas Pipeline landing point in Tema, approximately 600 meters from the Atlantic Ocean enabling the use of sea water for direct cooling.
Key Project Components
- 350 MW Combined Cycle Gas Turbine (CCGT) with multiple fuel (light crude oil, distillate and natural gas) operating capability.
- A 161 kV substation for power transmission.
- Circa 2 kilometer natural gas pipeline connecting the power plant with the West Africa Gas Pipeline
- • Light Crude Oil (LCO) fuel supply, delivery and treatment facilities, including two onsite storage tanks with a total capacity of about 18,000m3, as well as offsite LCO storage tanks with a capacity of about 70,000m3.
- Working Capital funding for fuel
Our TechnologyKpone IPP is a Combined Cycle Gas Turbine (‘CCGT’) plant comprising:
- Two General Electric Frame 9E Gas Turbines.
- Two double pass Heat Recovery Steam Generators from NEM of the Netherlands.
- A Siemens' Steam Turbine.
- Electrical Generators and Auxiliaries.
A CCGT power plant combines the benefits of proven technology, lower emissions and being relatively predictable in terms of build and cost. Additionally, high reliability and the ability to operate with a range of fossil fuel feedstocks, represent a very attractive solution to meet Ghana’s urgent need for additional generating capacity.
Impact on Ghana’s electricity industry
Kpone IPP will improve Ghana’s security of electricity supply, increasing the country’s dependable installed thermal generation capacity by approximately 15% when operational.
Kpone IPP will generate circa 2,700 GWh of electricity a year, equivalent to the demand of approximately 1 million households in Ghana.
- Project Financing Highlights
- Total project cost: circa US$900 million.
- Total debt: circa US$650 million.
- Total equity: circa US$250 million.
- It is a largely African deal, with international partners.
- The founding shareholders are Ghanaian.
- 67% of equity is held by African entities.
- The construction company is African.
- 83% of the senior debt is issued by African lenders.