Liberia Electricity Corporation or LEC is expected to sign a 5-year Management Contract with Manitoba Hydro Electric Power of Canada.
Simba Energy Inc. advises it has submitted its Oil Seep Survey Report for the Field Reconnaissance Work undertaken in January, 2010, to the National Oil Company of Liberia (NOCAL), in accordance with requirements in its Onshore Hydrocarbon Reconnaissance License NR-001.
Liberia and Brazil have agreed to promote cooperation in the areas of energy, mining and education, as both countries take steps to jumpstart longstanding relations.
The Prime Minister of Guinea is giving his support to the construction of his rail link between his country and Liberia for the lifting of iron ore to the world market.
Jean Marie’ Dore’ told a New Dawn interview in Conakry recently that a debate is on-going in Guinea for the construction of a rail links between Mount Nimba in the northeast and Conakry in south and that of the same area and Yekepa in Liberia.
Malaysian Oil Company, Sime Darby, which has been in Liberia since 2009 for 800 million dollars investment, has begun serious business.
Swedish energy giant Vattenfall intends to burn woodchips in its European power plants that are sourced from old Liberian rubber trees.
It has signed a contract with Liberian company Buchanan Renewables Fuel to purchase a million tonnes of the chips over the next five years.
Zambian power companies Zesco and Copperbelt Energy Corp (CEC) have withdrawn their joint bid to manage Liberia Electricity Corporation, the CEC executive chairman said on Sunday.
An Israeli Company, Elenilto Mineral Mining Ltd, has been awarded the rights to develop the $1.6 billion Western Cluster iron ore project, President, Ellen Johnson-Sirleaf, said, reports say.
Planning & Economics Affairs Minister Amara Konneh has described as worrisome the continue delays in the passage of the 2009 investment act.
The government of Liberia has announced a new investment package valued at $10 billion in the mining, agriculture and forestry sectors.