• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
    President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness
    New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation
    South Africa and Stellantis has Greeted a Pact to Develop a Unique Automobile Manufacturing Facility
    Dr. Akinwumi Adesina AfDB’s President maintains it is time to Develop Youth-Based Wealth to Bolster a Better Comprehensive Nigerian Economy
    Abidjan to host on March 17th 2023 the 8th Session of the Steering Committee for the Construction Project of a Motorway between Abidjan and Lagos
    Rwanda’s President Paul Kagame and the President of the World Football Association(FIFA) launched the Kigali Pelé Stadium which is changing the name from Kigali Regional Stadium In Nyamirambo the Capital of Kigali
    First Gold Refinery Company BTC Global started the first Gold refinery in South Sudan in Juba
    The AfDB inducted the African Financial Integrity and Accountability Support Project (AFIAP) by way to Enhance Cooperative Ripostes to Illicit Financial Successions in African Nations
    Morocco’s Strawberry Exports Hits $70 Million in Annual Revenue, a New Historical Record

    Power Purchase Agreement fulfilled between CI Energies and LEC, for the Allotment of 27megawatts of Electricity to Liberia

    Posted On 27 Oct 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Bangura–

    Photo Credit: Public Domain Pictures

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – Electricity will be carried through the CLSG Transmission line. Power supply to Liberia will begin on December 1st, 2022. Acting CEO and Chairman of LEC, Monie R. Captain signed on behalf of the administration of Liberia while Noumory Sidibe Director General of CI Energies, and Ahmadou Bakayoko Director General of CIE autographed on behalf of their respective
    organizations.

    1,350 kilometer power transmission line that transmits 225kv, trots through the CLSG/Transco grid network relating the four nations, La Cote d’Ivoire, Liberia, Sierra Leone and Guinea.

    “Today marks a major milestone in our effort to create a regional energy market and interconnect our electricity networks,” told Hon. Gesler E. Murray, Minister of Mines and Energy. “The supply of energy from La Cote d’Ivoire will significantly help stabilize our energy supply during the dry season when we face major energy deficits.”

    Thus, this illustrates an enormous stride ahead in enhancing education, health, security and will similarly increase the livelihood of urban and rural communities. The pact gives a long-term electricity supply understanding between the parties and will assure the trade on the transmission line between profiting nations.

    “We will like to express our thanks and gratitude to financial and technical partners for support to this project which is going to make an impact in the lives of beneficiaries”, said Hon.

    Mamadou Sangafowa Coulibaly, the Minister of Energy of the Ivory Coast. “I ask Minister Murray to convey to the authorities of Liberia the gratitude of La Cote d’Ivoire. We want to thank the Presidents of Liberia and our own country, for the strong enforcement in making all of this work.”

    The LEC management is optimistic that, the nation is bringing higher to its national goal of boosting access to electricity for all Liberians. The management is enabling all its customers now attached to the national grid, to utilize the electricity wisely and not thwart its capacity to fulfill the general public through mishandling and rip-off.

    “This additional power should help us go a long way in addressing our dry season needs,” announced Monie R. Captan, Acting CEO and Chairman of the Liberia Electricity Corporation (LEC). “La Cote d’ Ivoire is not lending us free electricity. This PPA is a commercial agreement requiring Liberia to pay for the electricity it receives. The greatest effort that can be made to curtail the misuse of this power, is through community engagement. There has been a lot of enthusiasm shown by our people to get involved in ensuring we pay for the electricity we will receive.”

    PPA is for a three year term and is renewable. “All parties will have to play their role in order to make it sustainable,” let out, Noumory Sidibe, Director General of CI Energies. “This PPA with Liberia could not be signed earlier because of some conditions precedent which have now been met. CIE will deliver to Liberia 25 megawatts on December 1, 2022 and go up to 27 megawatts in January 2023.”

    In this regard, a Transmission Service Agreement will be endorsed on October 25th, 2022 in Abidjan between LEC and Transco CLSG for the transmission of energy bought from CI Energies/CIE.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    …$635 Million reserved based lending Facility Committed by Afreximbank as a Term Sheet with Amni International Petroleum Development Company Limited

    Next Story

    MTN Group calls on Stakeholders, to Collaborate, Support Economic Revival in Africa

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    $12 Billion Environment Financing Center - The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World

    Posted On 24 Mar 2023

    President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness

    Posted On 23 Mar 2023

    New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation

    Posted On 21 Mar 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    $12 Billion Environment Financing Center - The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World

    President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness

    New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation

    Recent Posts

    • $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
    • President Samia Suluhu Hassan of Tanzania Inaugurated an Agriculture Program hoped at Committing the Youth to Large-Scale Agribusiness
    • New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation
    • South Africa and Stellantis has Greeted a Pact to Develop a Unique Automobile Manufacturing Facility
    • Dr. Akinwumi Adesina AfDB’s President maintains it is time to Develop Youth-Based Wealth to Bolster a Better Comprehensive Nigerian Economy

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.