Central–Northwestern Liberia Grid Extension Project (CNL-GEP) - Liberia Electricity Corporation (LEC)
Other
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: 52
Project Pitch
Central–Northwestern Liberia Grid Extension Project (CNL-GEP): The Central–Northwestern Liberia Grid Extension Project expands grid electricity into the agricultural corridors of Bong and Lofa Counties. The project will construct four new 66/33 kV substations in Gbarnga, Zorzor, Voinjama, and Foya, and build approximately 605 km of 66 kV lines, as shown in the project maps and SLD (Annex 1 & 2). It will connect about 70,872 households, clinics, schools, cooperatives, and businesses. Total peak demand across the project area is 29 - 60 MW with a combined planned substation capacity of 80 MVA. The project supports national access targets, strengthens economic productivity, enables agro-processing, and improves health and education services.
Team
The team includes transmission engineers, distribution planners, substation specialists, safeguards officers, GIS analysts, procurement officers, and project finance personnel, working with MFDP, MME, EPA, County Authorities, 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)
178,000,000 – 185,000,000 EUR
Financing needs (in EUR)
178,000,000 – 185,000,000 EUR
Type of financing needed
Debt; Grant
The Company is looking for:
Financing; Joint Venture/Partnership; Technology Solution/Equipment; Clients; Suppliers; Distribution Partners; Other: EPC contractors, safeguards partners, feasibility and transaction advisors
Planned allocation of fundraising capital
Greenfield (new activity for the company)