Gasol signs agreement with Dredging International for Cotonou LNG projectNews // February 11, 2013
Gasol plc, the West African energy development company, has announced that its affiliate, African Power Generation Limited (Afgen), has signed a strategic alliance agreement with Dredging International, in relation to dredging, marine engineering and pipeline construction works in Cotonou harbour, Benin, for its proposed LNG Import Project.
The strategic alliance agreement enables the parties to work together to develop the detailed specifications and agreements for the project on an exclusive basis.
The alliance represents another important step in the implementation of Gasol’s project in Benin.
Dredging International becomes Gasol's sole interface for contracting works with single point responsibility.
Dredging International will recive a turnkey design and build contract for the project to include dredging, soil investigation, breakwater construction, pipeline and associated LNG vessels infrastructure. Dredging International will assist Afgen in the technical and commercial optimization of the project, including the use of dredging spoil in forming reclaimed land.
Dredging International will work alongside the provider of the floating storage and regasification facilities at Cotonou harbour.
Alan Buxton, Chief Operating Officer at Gasol, said: "Our alliance with Dredging International substantially derisks our Benin LNG import project.
"Dredging International will lead a consortium which represents best in class in dredging, land reclamation and marine engineering. Their familiarity with Cotonou harbour, given the other recent work they have undertaken for the port authority, means that they are the most suited partner, and I am delighted that we are working together.
"The fact that we have been able to conclude such a strategic alliance is a strong endorsement of the development works done by Gasol and its affiliate Afgen on behalf of the project.”
Afgen has undertaken the early stage project development work in relation to the project, which involves the regasification of LNG and the supply of that gas to power and industrial customers in Benin, Togo and Ghana.
Dredging International will lead a consortium of contractors to perform the required works including their offshore specialist company Tideway (also part of the DEME Group) and Sogea Satom, which is also well-stablished in West Africa and a subsidiary of Vinci SA. DEME Group will be responsible for marine engineering contracting and Sogea Satom for civil works.