Sunon Asogli Power is to invest in Liberia’s Energy market. Director of the Company, Togbe Afede has led a 4-member investment and technical team to Monrovia, the Liberian capital, to negotiate a deal in that country’s power generation sector.
In his engagements with officials of Liberia’s Government, Togbe Afede said the company has three-pronged offerings to help increase Liberia’s power generation.
He mentioned acquisition of an interest in the existing 88Megawatts Mt Coffee HydroPower Plant, investment in the expansion of the same plant to increase its capacity by 60 or 80 megawatts in the medium term and in the long term develop a new hydro power plant on the St. Paul River to add to Liberia’s generation capacity.
On the expected benefits of the investment to the country, he said the acquired interest in the existing Mt. Coffee Hydro Power Plant will help the government to fix the challenges in the distribution and enhance the entire electricity supply value chain.
Togbe Afede said the deal will enable Liberia to become energy reliant and a net exporter of power by taking advantage of the West Africa Power Pool transmission line that connects Cote d’Ivoire, Sierra Leone, Liberia and Guinea.
He said if the deals go through, electricity tariffs in Liberia will become very competitive and trigger industrialization. Other members of the delegation were Mr Elikplim Kwabla Apetorgbor, Mr Rocky Agyeman Prempeh and Li Julong.
By: Dominic Hlordzi.
