The Kpone Independent Power Producer (KIPP), developed by Cenpower Generation Company Ltd is a 350MW combined cycle multi fuel power plant located near the Tema industrial zone, close to Accra. The project commenced operations in June 2019 and will supply power to the Electricity Company of Ghana (ECG), the Ghana state-owned utility company, under a 20-year power purchase agreement. The plant will be capable of operating on natural gas, light crude oil and distillate.

KIPP represents the fund’s first investment in Ghana and is expected to be the largest IPP in Ghana, accounting for circa 10% of the country’s installed capacity.