What benefits does the pipeline project bring to the four countries?
At the regional level; • Lower cost energy, especially for power generation. • Local content objectives set under the International Project Agreement (IPA) require that a minimum of 15 per cent of goods and services are procured from the four countries. These objectives are being implemented in all four project countries, currently exceeding these minimum requirements. • The International Project Agreement provides an option at a specified later date for local equity participation of up to 25% in WAPCo. • The pipeline as a regional energy infrastructure will serve as a catalyst for direct foreign investment in sustainable development in the project countries. • The pipeline project has provided a new level of regional co-operation and economic integration to enhance regional stability. It also supports ECOWAS as a regional economic co-operation agency. • The natural gas pipeline will enhance the regional environment by substituting natural gas for less desirable fuels thereby reducing
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