Through this Early Disclosure, IFC provides access, early in the environmental and social assessment process, to this draft Environmental and Social Impact Assessment (ESIA). This ESIA has been prepared by the client and should not be taken as an indication that IFC has completed its review of the potential investment. The purpose of this Early Disclosure is to enhance the transparency of IFC’s activities with reference to those projects or investments with potential significant adverse environmental and social risks and/or impacts. Any project documentation or data included or attached herein has been prepared and authorized for public release by the client.
The disclosure of this ESIA should not be construed as presuming the outcome of IFC’s review of the potential investment or the decision of its Board of Directors. An updated version of the ESIA reviewed by IFC may be disclosed at a later stage. In addition, prior to any consideration of the investment by IFC’s Board of Directors, the Summary of Investment Information (SII) and the Environmental and Social Review Summary (ESRS) would be disclosed at least 60 days in advance.
Azura Edo IPP
Azura Power West Africa Limited.
Project Business Sector
Provisional Environment and Social Category
Description of the Project:
The Azura-Edo IPP is a 450-500 MW gas-fired open cycle power plant located in the North Eastern outskirts of Benin City in Edo, Nigeria (“the Project”), with an estimated project cost of US$ million. The Project will be adjacent to an existing 450 MW state-owned thermal power plant (Ihovbor) and will benefit from proximity to: (i) the Escravos Lagos Pipeline System (“ELPS”), a 1 billion scfd gas trunk line currently being expanded to double its capacity; (ii) the existing Benin Main Substation and the new Benin North Substation (being built); and (iii) the largest and most critical node in the country’s transmission network. The Project also comprises the construction of a short transmission line (<1 km) to the adjacent Benin North Substation, and a short pipeline spur (c. 1km) connecting the power plant to the ELPS. It is the first phase of a planned two-phase project to expand capacity to 1,000 MW by 2018. In addition to a potential IFC investment in the form of a senior unsecured loan, the project has been nominated by the Nigerian Ministry of Finance for participation in a series of World Bank Partial Risk Guarantees. The project is also expected to benefit from insurance provided by the World Bank's Multilateral Investment Guarantee Agency.
Client’s Contact Information:
Azura Edo IPP
Contact Name: Mr Nicholas Abolo-Tedi Address: Azura Power West Africa Ltd, Benin Project Office, 18B Ikpokpan Road, G.R.A Benin City, Nigeria Email: email@example.com Phone number: +234 0806 437 7304