Monrovia, Liberia --- ESI-AFRICA.COM --- 25 January 2012 - The World Bank has announced an additional financial package for the installation of 10 megawatts (MW) of heavy fuel oil generation in Liberia to reduce electricity tariffs in the country by 20% to 40%.
Since July 2010, the Liberia Electricity Corporation (LEC) has had a management contract in place with Manitoba Hydro, and has already doubled customer connections, while making the provision of electricity much more reliable.
The World Bank said the donor community's confidence in the ability of the LEC is at such a level that at least 33,000 connections can be made in the next three-and-a-half years, and the future of the Monrovia grid build-out looks promising.
Besides donor commitments that have been made to the management contract and to the extension of the Monrovia grid, the World Bank has organised, at the request of the government of Liberia, the financing of a 10MW facility to boost electricity.
Speaking at the launch of the project, outgoing World Bank country manager Ohene Owusu Nyanin revealed that the bank and the Rural and Renewable Energy Agency (RREA), were working together with the government to facilitate a report entitled: “Options for the Development of Liberia's Energy Sector.”
According to the outgoing World Bank boss, the RREA is implementing a large-scale solar programme that will ultimately reach one million people over the next few years on a commercial basis with affordable micro solar systems that would provide affordable lighting and cell phone charging for rural households.
The report contains both technical and strategic options for the development of Liberia's energy sector, in an effort to identify an optimal development pathway to lead to concrete and visible results.