• 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
    To Our Dedicated Readers…
    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan
    African Leaders Lift-off African School of Governance…
    Zimbabwe in Alacrity to Participate in the Forthcoming Minerals Africa Summit in Cape Town South Africa
    Rwanda’s MPs in the Lower House started Nationwide Assessment on progress of the Agricultural Outreach season
    $2.8 Million has been Vitally signed by Grid Africa as an Equity Investment from Rifuwo Energy Partners
    The Elected African Table Tennis Federation Executive Council Agreed on a Memorandum of Understanding with Ethiopian Airlines

    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

    Posted On 18 Oct 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    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

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

    The State Commissioner for Business Innovation and Technology, Dr. Kabir Mato in Kaduna State Granted 85 Operational Licenses to Investors

    Next Story

    Senegalese Star Sadio Mane Fulfilled the Succeeding African Footballer to Win in the Top Three of the Ballon d’Or Awards

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    To Our Dedicated Readers...

    Posted On 04 Nov 2024

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    Posted On 04 Nov 2024

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Posted On 04 Nov 2024

    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

    Africa Leader of the Year 2023-2024, Rwanda's President Paul Kagame

    Posted On 21 May 2024

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

    Posted On 05 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Peace making leader. Congrat Paul...

    Posted On 15 Feb 2024

    Thanks for reading, Africa’s fastest...

    Posted On 15 Feb 2024

    Facebook

    Latest Posts

    To Our Dedicated Readers...

    Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

    The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

    Recent Posts

    • To Our Dedicated Readers…
    • Experts Divulged African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
    • The East Africa Device Assembly Kenya (EADAK) Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
    • ….as it strives to Exploit its Supplies of Fossil Fuels £19 Billion Gas Pipeline would pass…13 Countries
    • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • Obituary
    • Sport

    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.