INDORAMA FERTILIZER


Overview

  • Reference: P-NG-FD0-002
  • Approval date: 30/01/2013
  • Start date: 08/04/2013
  • Appraisal Date: 13/12/1901
  • Status: OngoingOnGo
  • Implementing Agency: INDORAMA ELEME FERTILIZER CHEMICALS LTD
  • Location: Port Harcoutr

Description

Construction and operation of a 1.4 MTPA gas to urea fertilizer plant to be located in Port Harcourt, River State, Nigeria. The plant will be located in the Eleme


Benefits

The project is expected to generate significant development outcomes at local, national and regional levels, notably: increased employment opportunities, enhanced community development and reduced bottlenecks of supply chain distribution of fertilizer products, revenues to Government at the national and federal levels and reduced CO2 emissions. The estimated Economic Internal Rate of Return (EIRR) of the project stands at %. The project will create 3,854 temporary jobs during construction, and 348 direct jobs and 250 indirect jobs during operations as highlighted in the table above. The project could eventually benefit Nigerian farmers through reduction in fertilizers


Key contacts

AKINWUMI Emmanuel Ibituase - OPSD4


Costs

Finance source Amount
ADBUSD 66,372,856
Co-financierUSD 464,609,993
DeltaUSD 264,269,151
TotalUSD 795,252,000