The WAGP consists of a pipeline system (681 km long) that will transport natural gas from Nigeria to Ghana, Togo and Benin, initially for power generation, but eventually for other uses as well.
Objectives
The project is expected to deliver significant economic and environmental benefits to the region through the burning of gas instead of oil in the thermal power stations in Ghana, Benin and Togo. The project will be key in reducing the cost of power generation in Ghana thereby facilitating economic growth.
Comments
Oil and gas.
Sector(s)
Energy
Proposed EIB finance (Approximate amount)
Up to EUR 70 million representing a major share of the participation of the Government of Ghana in the pipeline.
Total cost (Approximate amount)
USD 638 million (approx. EUR 512 million).
Environmental aspects
Environmental and social impact assessments have been carried out and detailed environmental management plans (EMP) and resettlement action plans (RAP) have been developed to meet the mitigation, compensation and monitoring requirements for the project.
Procurement in line with EIB guidelines for private sector projects.
Status
Signed
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14/12/2006.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
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Zero-tolerance against fraud and corruption
The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
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Oil and gas.