Early Power

Africa Infrastructure

Early Power Limited will build the first phase (202MW) of a 424MW multi-stage integrated gas-to-power thermal generation plant in Ghana, 16 miles east of Accra. The project sponsors are Endeavor Energy, General Electric and Sage Petroleum (a local partner), and is being built by Metka.

Our investment

The primary objective of the project is to deploy electrical energy as quickly as possible to support the Government of Ghana’s short-term strategy for power generation. The project is also needed to meet more long-term objectives to help meet the increasing energy demand in Ghana to ensure its continued social and economic development.

Expected impact

Once complete, the project will provide 202MW of generation capacity in Ghana to increase the supply of reliable electricity to households and industry, increasing firm productivity, facilitating economic growth and job creation. The tri-fuel flexibility (natural gas, LPG and diesel) enables the plant to provide reliable power to the grid if there are indigenous gas supply constraints.

Environmental and social aspects

CDC's monitoring during the early stages of construction identified labour-related aspects that required improvements. Also, stakeholder engagement with the local community needed to be enhanced. Through the lenders E&S monitoring advisor, steady progress has been made with respect to these issues and the project is now broadly aligned with the relevant international E&S standards.

Key facts

Status:
Active
Region

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

:
Africa
Countries:
Ghana
Sector

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.

:
Infrastructure
Investment type

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

:
Direct Debt
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
July 2019
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$80m
Domicile

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

:
Ghana