Release date: 13 September 2006
Promoter – Financial Intermediary
West African Gas Pipeline Company (WAPCo)Location
Description
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)
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
Procurement in line with EIB guidelines for private sector projects.
Status
Signed - 14/12/2006