Monrovia, Liberia -A 16 million dollar deal has been reached by the Liberia Electricity Corporation and International Consolidated Contractors Offshore to construct solar power and expand the Mount Coffee Hydro project.
Ahab Serhal, Chief Executive Officer of the International Consolidated Contractors Offshore, signed on behalf of the institution, while Monie Captan, Managing Director of LEC, signed on behalf of the corporation.
The World Bank is the sponsor of the deal, known as the regional emergency solar power intervention project, according to LEC Managing Director Monie Captan, who made this announcement shortly after the signing ceremony.
According to him, when the project is finished in a year, Monrovia and the surrounding areas will have access to energy during the dry season.
MD Captan said the project will also entail the extension of Mount Coffee’s hydro plant in order to utilize solar energy for electricity production during both the wet and dry seasons.
“We are launching a utility-scale solar energy project for the first time in Liberia’s history. In addition to helping to lessen the issue of electricity during the dry season, it will generate roughly 20 megawatts of power. Not only will it provide more electricity that we do not now have, but it will also have a substantial influence and eliminate a large portion of the problem of electricity during the dry season.”
Ahad Serhal, the Chief Executive Officer of International Consolidated Contractors Offshore, assured the LEC that his company will work hard to build a solar facility that will be useful to Liberia for many years. He praised President Joseph Nyumah Boakai administration for their efforts to advance the nation’s infrastructure, particularly in the energy sector.
The CEO expressed gratitude to the World Bank for the project support. Serhal continued, “my company is well-known in Liberia, having built hospitals and schools for the World Bank in various parts of the nation.”
He states that by applying the lessons learned from building solar plants in other regions of Africa, the ICCO hopes to support the development of a sustainable electricity industry in Liberia. Serhal restated his organization’s dedication to upholding strict environmental and healthful standards in all of its operations.
Mohamed Sagib, a World Bank representative assured the Liberia Electricity Corporation that the World Bank will work closely with both parties to ensure the project’s success.
Counselor Emmanuel Tulay, the Chairman of LEC’s Board of Directors, expressed gratitude to International Consolidated Contractors Offshore and the World Bank for helping to make the signing ceremony a success.
Reported by: Augustine Octavius
Contact: +231777463963
Email: augustineoctavius@gmail.com
