IFLR1000

Karpower offshore power generating plant

10/3/2016
Project finance
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$ 130 million

Completed

10/3/2016

Overview:

  • The Karpower off-shore power generating plant has obtained $130 million in financing.
  • The proceeds will be used for the construction of a power vessel and for the supply of 225MW of electricity.
  • The project is being undertaken by the Karadeniz Powership Ayşegül Sultan Company and Karpowership Ghana.
  • This is Ghana's first offshore power generating plant.

Kurt Stumpo - Journalist 

Jurisdictions:

Ghana
Netherlands
United Kingdom
Türkiye
Liberia

Deal type:

Project finance

Practice area:

Project finance

Governing laws:

England and Wales
Ghana
Netherlands

Industry sector:

Energy

Firms:
Balcıoğlu Selçuk Ardıyok Keki Attorney Partnership

Party: Karadeniz Holding (Project developer)

ENSafrica

Party: BofA Merrill Lynch (Lender)

Party: Deutsche Bank (Lender)

Lawyer: Paa Kwesi Morrison

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