Energy Capital & Power

EACOP Financing to Conclude by End of 2023

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With the project costing between $3.5 billion and $4 billion, of which 60% comprises debt raising and 40% equity, that leaves approximately $1.6 billion to be financed by shareholders.

The EACOP represents the largest pipeline project in the region at a length of 1,443km. Shareholders include TotalEnergies (62%), the Uganda National Oil Company (15%), the Tanzania Petroleum Development Corporation (15%) and the China National Offshore Oil Corporation (8%).

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Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.