Release date: 18 October 2011
Promoter – Financial Intermediary
Société Nationale d'Electricité du Burkina (SONABEL)
Mr S. Ki, CEO
Location
Description
Construction of the 210 km-long 225 kV power interconnector between Bolgatanga in Ghana and Ouagadougou in Burkina Faso (171 km in Burkina Faso and 39 km in Ghana), which will enable electricity (around 100 MW) generated at low cost from natural gas in Ghana to be exported to Burkina Faso, a landlocked Sahel country, which generates its power mainly from expensive diesel-fired thermal plants.
Objectives
This operation will help SONABEL to improve the reliability of power supplies in Burkina Faso and reduce its costs. This power interconnector is one of the priority projects of the West African Power Pool (WAPP), which aims to create a regional electricity market.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 23 million.
Total cost (Approximate amount)
EUR 81 million.
Environmental aspects
The project has been the subject of an environmental and social assessment, the findings of which were adopted by the project's promoters, SONABEL and GRIDCo, and approved by the environmental authorities of Burkina Faso and Ghana.
Procurement
The various components of the project will be put out to international tender in accordance with the procurement rules of the lenders involved.
Status
Signed - 21/12/2011
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).