Energy in Liberia

  • How to boost private sector investment in Africa’s electricity infrastructure

    BOTSWANA, 2017/06/15 A new World Bank statement has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals. The statement which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest of the world at the same time as it comes to electricity, with just 35 % of the people with access to power and a generation capacity of only 100 GW. According to the statement those who do have power typically consume relatively little, face frequent outages and pay high prices.
  • Liberian Senate Agrees to Privatize Energy Sector

    LIBERIA, 2015/08/27 The Liberian Senate has endorsed a approbation from its committee on Lands, Mines, Energy, Natural Resources and Environment requesting that body to enact two pieces of legislation privatizing the energy sector. The energy committee, in its statement, called on the Senate to open up the market fully to private sector participation, an electricity law and an act for the new LEC or its successor. In the statement submitted to the plenary of the Senate, the committee claimed that the establishment of an independent and transparent regulatory process will be essential for the creation of an environment conducive to increase private sector involvement in the energy sector, as contained in the National Energy Policy. "To achieve independence and transparency, the institutional framework must avoid conflicts of interest and overlapping roles by separating policy setting, regulatory oversight, and policy implementation and operation," the committee said.
  • Liberia: 'Austerity Measures' - Nocal Blames Oil Price On Redundancy

    LIBERIA, 2015/08/24 The Board of Directors of the National Oil Company of Liberia (NOCAL) has announced that the company has embarked on an internal re-organization exercise aimed at ensuring the survival of the entity going forward. Addressing NOCAL's management and staff Friday, August 21, at a general staff conference, the Chairman of the of Board of Directors, Counselor Seward Cooper, explained that the continuing fall in the price of oil on the world market has caused critical fiscal difficulties for the company. He said despite the best efforts of Board and Management to put in place several austerity measures to manage the situation, the continuing crumbling oil prices has severely undermined NOCAL's capacity to meet its operational and personnel obligations.
  • Côte d'Ivoire's President Launches West African Energy Leaders Group

    BENIN, 2015/07/31 Côte d'Ivoire's President Alassane Ouattara headed a top-level line-up of political and business leaders on Tuesday, June 30 in Abidjan to launch the African Energy Leaders Group (AELG) in West Africa, with concrete plans to drive sector reforms and a pipeline of bankable investment projects for sustainable energy access across the region. Sub-Saharan Africa, where 600 million people live without electricity, has the lowest level of energy access in the world, and West Africa has the highest levels of energy poverty on the continent. Electricity and clean cooking facilities are fundamental building-blocks for prosperity and wellbeing, from basic health and education to industrial and agricultural development.
  • President Ellen Johnson-Sirleaf Submits Electricity to Bill Lawmakers ,Liberia

    LIBERIA, 2015/07/11 President Ellen Johnson-Sirleaf has submitted to the Home of Representatives a bill seeking to establish the 2015 new Electricity Law of Liberia. The bill was submitted by the Liberian leader on Thursday, July 9. In a communication addressed to the lawmakers, the chief executive explained that the bill at the same time as enacted, shall establish the legal and regulatory framework for the generation, transmission, distribution and sale of electricity in the country. The act will as well set the framework for Liberia's importation and exportation of electricity.
  • Cheaper Electricity in Sight in Liberia

    LIBERIA, 2014/11/02 The Conex Crude Storage Terminal (CST) project in collaboration with the Liberia Petroleum Refining Company ("LPRC") is expected to be completed in December this year, says Lutech, the contracting company hired to do the construction work for this project. Upon completion, the CST facility, located near the Bong Mine Pier on Bushrod Island, will be used to bring in Heavy Fuel Oil, which is expected to enable the Liberia Electricity Corporation (LEC) reduce the cost of electricity as a public utility by at approximately 50%.
  • African energy environment seems rather dynamic at present

    BOTSWANA, 2013/07/02 Cross Border Data’s African Energy Atlas 2013 has just come out. What does is tell us about the continent’s energy reserves, production and next prospects? This annual publication is largely comprised by a selection of maps detailing everything from major continental rail and road connections, patterns of political risk, energy infrastructure, country-by-country power supply, oil and gas reserves and downstream hydrocarbons markets. Maps are drawn/updated annually by ‘journalist mapmaker’ David Burles and an introductory piece describes the process of production as requiring the application of investigative techniques to obtain even the majority basic data. Data on the continent’s energy environment has been built up using “not only maps, but as well press releases, news statement and good old-fashioned journalistic legwork”.
  • Liberia Maintains Strong Advocacy for Supports to Energy Sector 2012-10-12

    LIBERIA, 2012/10/12 Liberia's Finance Minister Amara Konneh knows first-hand what access to electricity can bring to the developing nations, particularly in his post-conflict Liberia where the need for restoring the energy sector is vital to sustainable increase and development.