Sankofa $500 million gas field project

30/7/2015
Project finance

$ 700 million

Completed

30/7/2015


Overview:

  • The Sankofa Gas Project in Ghana has received a $700 million loan from the World Bank Multilateral Investment Agency (MIGA).
  • $500 million were provided through an IDA payment and the remaining $200 million through an IBRD enclave loan.
  • $360 million will go toward construction of a gas turbine power plant by Amandi Energy.

Kurt Stumpo - Journalist 

Jurisdiction:

Ghana

Deal type:

Project finance

Practice area:

Project finance

Governing law:

Ghana

Industry sector:

Oil and gas


Firms:

Party: World Bank Multilateral Investment Agency (Lender)


Party: World Bank Multilateral Investment Agency (Lender)