$600 MILLION GAS PIPELINE PROJECT TAKES OFF
President Kufuor has performed the sod-cutting ceremony for the commencement of the 620-kilometre offshore West African Gas Pipeline (WAGP) project that will convey natural gas from Nigeria to Benin, Togo and Ghana.
The $600 million project will initially supply most of its output to power plants in the participating countries.
The expected benefits from WAGP include cheaper and cleaner energy, with a projected savings of between $700 million and $2.5 billion over 20 years by the four countries.
Speaking at the ceremony at the Aboadze Thermal Plant near Takoradi in the Western Region, President Kufuor said WAGP was no longer an idea on a drawing board but a feasible project which was supported by the World Bank and earmarked by the African Union as a flagship project under the New Partnership for Africa?s Development (NEPAD).
Source: GhanaWeb
