ICBC pledges loan for 360MW Inchaban Natural Gas Combined Cycle Power Plant Project
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Ghana
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Description
On December 4, 2015, ICBC agreed in principle to provide a loan to Chrispod Power Corporation of Ghana — a special purpose vehicle — for the 360MW Inchaban Natural Gas Combined Cycle Power Plant Project. This is a public-private partnership (PPP) project being implemented in Shama district. Gezhouba Group is the contractor responsible for project implementation. It signed an EPC contract in 2017.
Additional details
This project is also known as the Chrispod Thermal Power Plant Project or Chrispod Gas-fired Power Plant Project. The Chinese project title is 加纳Chrispod电力350MW天然气联合循环电站项目.
Number of official sources
5
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Chrispod Power Corporation of Ghana [Joint Venture/Special Purpose Vehicle]
Implementing agencies [Type]
China Gezhouba Group Company Ltd. (CGGC) [State-owned Company]