Amandi Energy

West Africa,Africa Infrastructure

The Amandi Energy Independent Power Project (IPP) involves the construction of a 203 megawatt (MW) combined cycle gas turbine in Western Ghana, near the coastal town of Aboadze.

Amandi Energy is part of the STL Group, an infrastructure and energy group that has operated in Ghana and West Africa for over 30 years.

Our investment

In 2016, CDC co-led an $83 million debt financing package for Amandi, our first debt power investment in Africa acting as co-lead arranger.

The investment was awarded the PFI African Power Deal of the Year, as well as the IJ Global African Power Deal of the Year 2016.

Expected impact

Energy and peak power demand in Ghana is forecast to double between urbanisation. The Amandi project will help alleviate Ghana’s power challenges, where insufficient cost-effective supply has resulted in regular outages.

The plant will be constructed over a two-and-a-half-year period, providing hundreds of construction jobs.

Once operational, it will produce a competitively priced base load supply and enough electricity to power over 120,000 modern homes and businesses in the region.

This will help to increase business productivity, indirectly creating employment opportunities for an estimated 68,000 people.

Environmental and social aspects

CDC is working with Amandi and other lenders to ensure that international environmental and social standards are implemented during the construction period and in the company's day-to-day operations.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Africa, West Africa

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Debt
Start date

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December 2016

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This is the investee company’s place of incorporation; or a fund’s jurisdiction.