Georeferencing aerial photos when only centroid is known using ArcGIS for Desktop or ERDAS Imagine?

I have heaps of aerial photos that need to be georeferenced.

I have access to ArcMap and ERDAS.

All I am given is an excel sheet with the centroid coordinates of each image.

Each photo covers an 18m x 24m region.

The photos are in a very remote region with no roads or other structures to georeference them to.

Is it possible to do this?