Our Strategic Partners
Sumitomo Corporation is one of the world’s leading diversified conglomerates, listed on all the key Japanese stock exchanges. In 2013 it generated revenues in excess of US$30 billion. As well as being Cenpower’s Strategic Technical Partner, Sumitomo will lead the Operation and Maintenance of the plant.
Sumitomo Corporation is a leading general trading company, headquartered in Tokyo, Japan, with 116 locations in 65 countries and 24 domestic locations. The Sumitomo Corporation Group consists of nearly 800 companies and more than 70,000 personnel, and its business is continuously expanding into a diverse range of products and services. Its core business units are Metal Products; Transportation & Construction Systems; Environment & Infrastructure; Media, Network, Lifestyle Related Goods & Services; and Mineral Resources, Energy, Chemical & Electronics. Sumitomo is one of the leading IPP developers, with interests in more than 6,300MW of net installed capacity worldwide, including Japan.
Group Five was selected as the Engineering Procurement and Construction (‘EPC’) contractor after a rigorous international procurement process, based on its power sector experience, its track record of project delivery and its financial stability and strength
Group Five is a diversified Construction, Infrastructure Concessions and Related Services group engaged in resources, energy, real estate and infrastructure delivery with a growing international client base in South Africa, the rest of Africa and Eastern Europe.
Electricity Company of Ghana
ECG is Cenpower’s major electricity offtaker, with a 20-year take-or-pay power purchasing agreement for 325MW of contractual capacity.
Electricity Company of Ghana (ECG) is wholly owned by the Government of Ghana and operates under the auspices of the Ministry of Energy as incorporated under the Companies Code, 1963 in February 1997. ECG is responsible for the distribution of electricity in the southern part of Ghana namely, Ashanti, Central, Eastern, Greater Accra, Volta and Western Regions
Cenpower has entered into a fuel supply agreement with Vitol who will import light crude oil and distillate mainly from Nigeria on Cenpower’s behalf. Vitol will also be financing the construction of a tank farm on the Kpone site.
The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Since then the company has grown significantly to become a major participant in world commodity markets and is now the world’s largest independent energy trader. Its trading portfolio includes crude oil, oil products, LPG, LNG, natural gas, coal, electricity, agricultural products, metals and carbon emissions. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2013 were $307 billion.