Cenpower wins ‘African Power Deal of the Year Award’
4th Feb 2015
InfraCo Africa’s Cenpower project achieves recognition; winning the ‘African Power Deal of the Year’ Award at the 2014 Thomson Reuters Project Finance International (PFI) Awards.
On the 4th of February 2015, 800 of the world’s most senior project finance professionals gathered at the Hilton Hotel in London for the Project Finance International (PFI) Awards. As the financial industry element of the Global Thomson Reuters Awards for Excellence, the PFI Awards showcase excellence and quality in the project finance industry.
Cenpower was awarded the ‘African Power Deal of the Year’ Award 2014 in recognition of the tremendous work undertaken by InfraCo Africa and our partners to transform the early-stage Kpone Independent Power Project (IPP) in Ghana from a concept into a highly attractive investment reality; attracting finance from a range of African and international investors. Investments from the Rand Merchant Bank and Sumitomo, large blue chip companies who had not previously invested in Ghana, are testament to the ground-breaking nature of the financing achieved for the project. Kpone IPP now acts as a model for project financing and independent power generation in Ghana and across Sub-Saharan Africa.
“(The PFI Award is) very gratifying recognition of the many years of commitment to the Cenpower project by numerous Ghanaian and foreign individuals, corporate entities and institutions.”
(Mr Sam Nana Brew-Butler, Chairman of Cenpower Generation)
From concept to commercial reality
Total Commitment: US$903m
Under Construction. Fully Exited. Cenpower Generation Ltd (Cenpower) will construct and operate an efficient 350MW combined-cycle gas turbine plant, the first greenfield, project-financed IPP in Ghana.