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WorldNovember 3 2014

A coming of age for African project finance: Ghana's KIPP development

Ghanaian independent power project sponsor Cenpower proved that African money can finance African private sector infrastructure initiatives by raising $900m in project finance to develop the Kpone Independent Power Plant.
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A coming of age for African project finance: Ghana's KIPP development

In 2003, a group of enterprising Ghanaians met to discuss the country’s energy needs. Demand was growing faster than supply so a coherent development strategy was called for. That much was not in doubt. The challenge was: how best to address the situation.

Over the next few years, a special purpose vehicle was created, Cenpower Generation Company, to develop the Kpone Independent Power Plant (KIPP) near the Ghanaian capital, Accra.

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