Summary of Proposed Investment
Project Number
23237
Company Name
Obajana Cement PLC
Date SPI Disclosed
Mar 4, 2005
Country
Nigeria
Industry
other
Projected Board Date
Apr 4, 2005
Status
Completed
Sector
Gas - Thermal Power Generation
Department
Regional Industry - MAS Africa
Environmental Category
A - Significant
Previous Events
Approved : May 5, 2005
Signed : Jun 16, 2005
Invested : Mar 1, 2006
Project Description
The project involves the construction and operation of a greenfield cement plant with a capacity of 4.4 million tons per annum (p.a.) at Obajana, Kogi State, Nigeria. The project is located 220 km southwest of Abuja and consists of the following components:
- a cement plant and limestone quarry
- a 135 MW captive power plant,
- a 90 km natural gas pipeline,
- a 351 unit housing complex for staff,
- an earth dam and water reservoir to meet the project''s water requirements, and 500 trucks for cement transportation. -
The project company is Obajana Cement Company Plc (OCP or the company). The project will fill a supply gap in the Nigerian cement market, where over 75% of the annual consumption of 10.6 million tons is imported. It will use locally available limestone and natural gas to produce cement at a production cost that is expected to be below the current importation cost.
- a cement plant and limestone quarry
- a 135 MW captive power plant,
- a 90 km natural gas pipeline,
- a 351 unit housing complex for staff,
- an earth dam and water reservoir to meet the project''s water requirements, and 500 trucks for cement transportation. -
The project company is Obajana Cement Company Plc (OCP or the company). The project will fill a supply gap in the Nigerian cement market, where over 75% of the annual consumption of 10.6 million tons is imported. It will use locally available limestone and natural gas to produce cement at a production cost that is expected to be below the current importation cost.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Milton Wanyama
Principal Investment Officer,
International Finance Corporation,
2121 Pennsylvania Ave, Washington DC NW,
20433, USA
Phone: +1 202 473 8838
Email: mwanyama@ifc.org
Ms. Radhika Shrivastava
Investment Officer,
International Finance Corporation,
2121 Pennsylvania Ave, Washington DC NW,
20433, USA
Phone: +1 202 458 7257
Email: rshrivastava@ifc.org
Principal Investment Officer,
International Finance Corporation,
2121 Pennsylvania Ave, Washington DC NW,
20433, USA
Phone: +1 202 473 8838
Email: mwanyama@ifc.org
Ms. Radhika Shrivastava
Investment Officer,
International Finance Corporation,
2121 Pennsylvania Ave, Washington DC NW,
20433, USA
Phone: +1 202 458 7257
Email: rshrivastava@ifc.org