The President of Liberia Published an Executive Order#111 Absolving the Liberia Electricity Corporation from paying Customs Duty on GST Generation Transmission and Distribution Equipment Materials and Fuel

By Abdul Rahman Bangura–

Photo Credit: Villimpilansi

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – The Chief Executive granted the Executive Order #111 just in a request to power national reconstruction and development.

Weah revealed that, the allotment of Executive Order is based upon the cessation of Executive Order #104 which was administered months ago, remarking that, yet remains the desire to minimize the cost of fuel to enable LEC give electricity to the public at an adequate price.

The President said, shifting from the usage of fossil fuels to hydro power to generate electricity, LEC faces outer market forces and threats that heighten the costs of operations as it proceeds to broaden its hydroelectric power generated at the Mount Coffee facility to deliver affordable electricity to customers Transitioning from the use of
fossil fuels to hydro power to generate electricity.

Few of the problems LEC faces are correlated with the purchase, delivery, storage and use of fossil fuels, especially Heavy Fuel Oils (HFO), affect a substantial payment to the entity. He said such expenditure hinders investment in the transition to the wider user of hydro power in the country and that Executive Order #111 is vital to enable LEC attain higher level of operational and financial efficiencies to facilitate it give electricity at a cheap rates to customers.

President Weah pointed up that, LEC has indicated wants to minimize expenses to stave off the per kilometer hour cost of electricity in Liberia from increasing and to contrast, actively seek their systematic and long-term decline.

Materials and equipment caught under Executive Order #111 encompass transformers, wires, light poles, electricity meters, parts and accessories, specialized and operational vehicles.

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