Power Purchase Agreement fulfilled between CI Energies and LEC, for the Allotment of 27megawatts of Electricity to Liberia
By Abdul Rahman Bangura–
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
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