16 January 2014

Liberia: As 2014 Special Election Fever Heightens - Mount Coffee Hydro Repairs Cost U.S.$220 Million

Photo: Liberia Government
Remains of the looted Mt. Coffee Hydro Plant outside Monrovia.

The Project Director of the Mount Coffee Project Implementation Unit (PIU) has put the cost of rehabilitating the damaged power plant at US$220 million.

Mr. Randal Enns said the project is being funded by the Governments of Norway and Liberia as well as the European Investment Bank and the KFW Development Bank of Germany.

He said the Government of Liberia (GoL) is providing 20 percent of the required US$220 million, while the Government of Norway is providing about 23 percent.

According to Mr. Enns, the European Investment Bank is providing a loan of 31percent and the KFW 16 percent of the total cost.

He told the Liberia News Agency(LINA) in an exclusive interview Tuesday that all funding agreements for the project were concluded and signed in September last year, noting that the project is fully funded.

Mr. Enns said the Liberian government started funding the project with US$10M in last year's fiscal budget before the funding agreements were concluded, and that additional funding under the current budget will make a combined contribution of US$40 million.

According to him, construction work on the plant has already started in terms of site preparation, while a consignment of heavy equipment is already in the country for the construction of the dam.

He disclosed that the first power generation is expected to be out in 2015, while the entire project will be completed in 2016.

The Mount Coffee Project Implementation Unit was established in May 2012 to rehabilitate the hydropower plant that was damaged in 1992 during the civil conflict.

More on This

Govt to Launch Hydro Rebuilding January 14

The Liberian government will on January 14 break ground for the reconstruction of the Mount Coffee Hydro Plant in White … see more »

Copyright © 2014 Heritage. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.