In West Africa, the Liberia Electricity Corporation (LEC) has launched a connectivity initiative linking universities, schools and religious institutions to the national electricity grid.
The Liberian Observer reported that the Schools and Religious Institutions Electricity Project started in May as part of the LEC management’s flagship project to improve the learning environment in schools and to create conducive environment for worshipers at their places of worship. Read more…
According to the Liberian Observer: “The campaign is in fulfillment of the LEC management’s commitment to ensure that every sector of the country has access to reliable and affordable electricity.
“The provision of electricity to these institutions would further enhance their capacity to respond to the education and religious needs of the populace. Already, several religious and academic institutions have been connected.”
The management of the LEC is encouraging all academic and religious institutions within the network area wishing to be connected to the national grid to visit the LEC head office at Waterside, henceforth.
In earlier news, the government of Liberia and the International Development Association (IDA) signed a $2 million loan agreement in Monrovia in April.
The loan will be put towards Liberia’s Renewable Energy Access Project (LIRENAP), which will increase access to electricity and foster the use of renewable energy sources, has been submitted to the House of Representatives for ratification, Liberian Observer reported.
Liberian Observer reported: “In a communication to members of the House of Representatives, President Ellen Johnson said the maximum commitment charge rate payable by the government on the withdrawn credit balance shall be one-half of one percent per annum, and the service charge payable on the withdrawn credit balance shall be equal to three-fourths of one percent per annum.”
According to media, the President said that the principal amount of the credit shall be repaid in dollars in accordance with the repayment schedule set forth in the agreement. Read more…
“Honorable Speaker, this loan is critical to the implementation of our economic stabilisation recovery plan. Hence, l ask your timely ratification on this important instrument,” the President wrote.