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AFC wins infrastructure deal of the year at African Banker awards

Africa Finance Corporation (AFC) has received the African Banker Infrastructure Deal of the Year Award for its role in financing and developing the $900 million Kpone Independent Power Project (Kpone IPP), which reached financial close in December 2014.

Unveiled in January at a groundbreaking ceremony attended by Ghanaian Vice President Kwesi Amissah-Arthur, minister of power Kwabena Donkor, and the managing director of the Electricity Company of Ghana, Robert Dwamena, Kpone IPP, will be one of Ghana’s most fuel-efficient thermal power stations when it comes on-stream in 2017, able to increase Ghana’s generation capacity by 10 percent.

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