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World Bank backs Liberia to regain energy capacity

August 18, 2016 8:56 am by: Category: Energy, Featured A+ / A-

By ABfortune Writer

The World Bank Group has expressed interest to assist Liberia improve its power generation capacity in a bid to grow the country’s economy.

The executive director of the World Bank Africa Group One, Louis Rene Peter Larose, recently visited Liberia Electricity Corporation’s Bushrod Island office to inspect how the Bank can assist the country to regain its pre-war energy capacity.

During his visit to the West African country, Larose also took a tour of the Mount Coffee Hydropower project in White Plains.

He stated that Liberia deserves full support to generate electricity supply to build the country’s economy, according to Daily Observer.

“Energy is the lifeblood of every economy and with what I have observed so far, I’m convinced that Liberia should be helped by the international community to regain its pre-war status of 200MW,” said Lerose.

“I’m taking the message to appeal to the international community to provide the support Liberia needs to regain its pre-war energy capacity to get the country running again. One of the reasons I am in Liberia is to find out Liberia’s energy challenges and what can the World Bank do to provide support for the economy to reduce poverty,” he said.

Larose represents 21 African countries, including Swaziland, South Sudan, Tanzania, Uganda, Zambia, Kenya, Ethiopia, Eritrea, Gambia, Namibia, Rwanda, Malawi and Somalia.

LEC officials have admitted that currently the power utility is operating below 28MW, but pledged that by September 2016, an additional 10MW will be in operation with the assistance of the Japanese government.

“And by mid-December this year, there will be additional 22MW to make it a total of 60MW to boost the country’s energy capacity,” an LEC official said.

The public electricity firm is aiming to achieve a total of 88MW and an increase of 24MW over pre-war status, the official said.

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About Steve Umidha

Business Journalist since 2009, has worked for Financial Post, Standard Media Group, Business Journal and People Daily Chief Editor at The African Business Fortune Magazine Hobbies: Singing, Interacting and Reading Comics
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