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GeneralInvestmentLiberia news

World Bank to invest millions in energy sector

Liberia, Sierra Leone, Chand, and Togo on Tuesday signed a Regional Emergency Solar Power Intervention Project (RESPITE) valued at US311 Million with the World Bank.

The signing ceremony was co-hosted by the World Bank Group and the Government of Sierra Leone.

The initiative is aimed at scaling up electricity access to millions of existing and prospective consumers in Chad, Liberia, Sierra Leone, and Togo through rapid deployment of grid-connected renewable energy.

Specifically, the support to Liberia under this program would include the construction of a 20MWP Solar PV Power plant and associated works. This will also see the construction of transmission lines for connection to the grid at Mount Coffee.

Furthermore, under Part II of this program will see expansion of Mount Coffee Hydro Power Plant by adding additional capacity of 41MegaWatts including supply and installations of two turbines with each having a maximum capacity of 20.5MW. It also includes the expansion of the powerhouse among others.

Finance and Development Planning Minister Samuel Tweah participating in the signing ceremony said the 20 MW of solar capacity is critical for Liberia, adding that the 41 MW capacity expansion for Mt. Coffee Hydro, which includes two more turbines is a game changer.

He thanked the World Bank, saying the project would significantly change the country’s power generational capacity and position the Mount Coffee Hydro to achieve more.

Mr. Tweah also thanked Sierra Leonean President Bio for co-hosting the ceremony while extending warm greetings from President Weah.

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He described the event as signals of the winds of integration blowing across the Mano River Union and ECOWAS.

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NewDawn

The New Dawn is Liberia’s Truly Independent Newspaper Published by Searchlight Communications Inc. Established on November 16, 2009, with its first hard copy publication on January 22, 2010. The office is located on UN Drive in Monrovia Liberia. The New Dawn is bilingual (both English & French).
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