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Liberia is set to get relief from its persistent energy crisis with the rollout of the 60 MW renewable energy project with the help of the International Development Association (IDA)
Liberia is set to get relief from its persistent energy crisis with the rollout of the 60 MW renewable energy project with the help of the International Development Association (IDA).
The project under the Regional Emergency Solar Power Intervention Project (RESPITE) by the World Bank is a US$311 million regional program. The project will improve electricity access to millions of people in Chad, Liberia, Sierra Leone, and Togo, leading to energy security in the region, besides adding to a clean energy footprint.
Liberia’s share in the US$311 million financing package will be US$96 million. The 20MW solar plant will be installed in Mt. Coffee, which will solve dry season challenges and provide affordable energy. Later, the capacity will be increased by an additional 40MW.
The signing ceremony was jointly hosted by the World Bank and the Government of Sierra Leone in Freetown recently. Samuel D. Tweah the Minister of Finance and Development Planning, Liberia, who signed the agreement on behalf of his country, remarked that the infrastructure deficit posed a major threat to Africa’s development and urged for more support from the World Bank.
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Director of Regional Integration at the World Bank, Madam Boutheina Guermazzi, highlighted the geopolitical commitment demonstrated by all countries in the region and hoped it would lead to the project’s success.
