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.