MOUNT COFFEE HYDROPOWER TRANSMISSION UPGRADE - Liberia Electricity Corporation
Energy
Information
Company Description
The Liberia Electricity Corporation is a public utility created by the Government of Liberia in 1973. The act creating LEC mandates the entity to produce and supply economic and reliable electric power to the entire nation as well as maintaining the corporation financial viability. LEC is in the business of ensuring that efficient, reliable and affordable electric power is available, meeting the increasing demand for electric energy in Liberia and serving as a catalyst for socio-economic development.
Countries of Operation
Liberia
Ownership of Company: Local Company
Number of years since incorporated: 53
Project Pitch
MOUNT COFFEE HYDROPOWER TRANSMISSION UPGRADE: The project seeks to upgrade the existing transmission facility and associated substations from Mt Coffee to Paynesville and Mt Coffee to Bushrod from 66 kV to 132 kV. The upgrade is required to adequately evacuate the additional generation capacities being developed in Mt Coffee and facilitate the regional electricity import through the CLSG transmission line. LEC has an installed generation capacity of 126 MW (hydro and thermal) and is increasing its generation by 30 MWp Solar and 42 MW hydro (Mt Coffee extension). LEC also has Power Purchase Agreements with EDG and CI-Energies totaling 80 MW. The Mt. Coffee – Bushrod and Mt. Coffee – Paynesville transmission circuits: the main arteries of the Monrovia grid – delivering power from Mt. Coffee Hydro Power Plant (MCHPP) and the CLSG Monrovia Substation to the Monrovia grid via the Bushrod and Paynesville substations are approaching their limits thereby necessitating the upgrades to accommodate new generations from Mt Coffee.
Team
The team includes transmission engineers, substation engineers, safeguards officers, GIS analysts, procurement officers, and project finance personnel, working with MFDP, MME, EPA, and development partners.
Type of Project
Governmental/Institutional project
Stage
Established (mature)
Annual Revenue (in EUR)
10.000.000 - 100.000.000 EUR
Number of employees
>500
Total Project Cost (in EUR)
50,000,000 EUR
Financing needs (in EUR)
50,000,000 EUR
Type of financing needed
Grant; Loan
The Company is looking for:
Financing
Planned allocation of fundraising capital
Expansion (expanding an existing activity)
Did the project already benefit from an EC Funding Instrument?
Yes: EIB funding instruments and EU Grant