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Speeches Shim
Power Africa has supported the development of 89 megawatts (MW) of electricity generation projects in Liberia. In addition, various firms have received U.S. Embassy support to move transactions forward. The exhibits below illustrate Power Africa’s financially closed transactions in Liberia, some of which are already online and generating critical electricity supply for the people of Liberia.
Power Africa Financially Closed Transaction in Liberia
Mein River (Hydro – 1MW)
Financial Close Date: 02/17/2016
Commercial Operations Date: 02/17/2018
Estimated Project Cost: $10.3M
Overview: The Mein River Hydro Project was initiated under the Liberia Energy Sector Support Program (LESSP) by USAID. The construction of 1 MW Hydro power station on the Mein River in Suakoko District was developed to benefit several community entities in the area; including, the Phebe Medical Hospital, Cuttington University and Central Agriculture Research Institute. An estimated 2,500 residential and 150 commercial consumers stand to receive access to power through the Mein River project. A US Company, NRECA International provided technical support to the project.
Mount Coffee Hydropower Plant Project (Hydro – 88MW)
Financial Close Date: 01/20/2016
Commercial Operations Date: 01/09/2017
Estimated Project Cost: $356.7M
Overview: Mount Coffee was funded to a large extent by the US Government's Millennium Challenge Corporation (MCC) with US $125 million in construction and operation financing. Additional support was provided by the Government of Liberia, Germany’s KfW, the European Investment Bank, and Power Africa partner Government of Norway. In a country with a current access rate of 12 percent, the power generated from Mount Coffee will dramatically improve connection rates in the capital city of Monrovia.
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