Gas- and oil-fired combined-cycle power project, Ghana
Name and Location
Gas- and oil-fired combined-cycle power project, Ghana.
Client
Cenpower Generation Company.
Project Description
The project involves the construction of a 350 MW gas- and oil-fired combined-cycle power plant in the municipality of Kpone, within the Tema industrial zone, in Ghana.
Value
Not stated.
Duration
The contract duration is three years from award to commercial operation.
Latest Developments
Cenpower has awarded the R4-billion engineering, procurement and construction (EPC) contract to Group Five for the design and construction of the gas- and oil-fired combined-cycle power plant.
The project is subject to certain conditions and must now proceed to commercial and financial close, which includes equity and debt closures that will take place over the coming weeks between Cenpower and the providers of the debt funding.
Only once commercial and financial close has been reached will Group Five receive a notice-to-proceed instruction, which will trigger the start of contract execution.
Key Contracts and Suppliers
Group Five (EPC), General Electric and Siemens (power generation equipment).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Cenpower Generation Company, tel +233 222 8736 or fax +233 30 2255094.
Group Five, tel +27 10 060 1555, +27 86 206 3885 or email groupfiveho@groupfive.co.za.
General Electric, tel +27 11 237 0000.
Siemens head of corporate communications Jose Machado, tel +27 11 652 2000 or
email josemachado@siemens.com.
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