Africa-Press – Liberia. <\/strong><\/span>The World Bank has pledged a monumental sum of US$300 million to finance and bolster Liberia’s electricity infrastructure with the construction of another hydroelectric dam.<\/p>\nThe dam, which is expected to be built on the St. Paul River, in lower Bong County, is an ambitious project which seeks to address the country\u2019s long standing electricity deficit, which perpetuated socioeconomic challenges and stifled opportunities for growth and development.<\/p>\n
Liberia has long grappled with chronic power shortages, with less than 20 of the country’s 5.2 million people having access to electricity.<\/p>\n
However, the World Bank provides a glimmer of hope for the nation’s future, financing the construction of another dam, which once completed, the dam is expected to significantly contribute to Liberia’s electricity grid, enabling more Liberians to have access to consistent power.<\/p>\n
\u201cThe project, when completed, will significantly increase Liberia\u2019s hydropower generation capacity by an additional 150 megawatts,\u201d Adolphus Scott, the Communications Manager of the Liberia Electricity Corporation said in a release.<\/p>\n
\u201cThis hydro project will be the second of four dams to be constructed along the St Paul River. The World Bank announced the pledge at a donor conference following an executive order signed by the President, constituting a Steering Committee to oversee the implementation and ensure the successful completion of the dam project,\u201d Scott added.<\/p>\n
He claimed that the World Bank\u2019s Energy Practice Manager of Liberia is motivated to support the project as a result of the national grid operator’s \u201cspectacular financial and operational performance\u201d over the past year and \u201cthe trajectory of these performance indicators.\u201d<\/p>\n
Other projects the Bank is currently supporting include the repair of Unit 1 at the Mt. Coffee Hydropower Plant, maintenance of thermal power plants at Bushrod, expansion of Mt. Coffee by two additional turbines and generators, and distribution and transmission and technical assistance projects, the release claimed.<\/p>\n
It added that the power utility company was \u201cpraised\u201d as the only utility in West and Central Africa that is reducing electric distribution losses at a level not seen elsewhere.<\/p>\n
The dam project when completed, together with the ongoing Mt. Coffee expansion project under RESPITE, will increase Liberia\u2019s hydropower generation capacity to 278 megawatts.<\/p>\n
In a speech read on his behalf by the Presidential Legal Advisor, Cllr. Archibald Bernard, also a member of the SP2 Steering Committee,<\/p>\n
The President’s vision of providing the people of Liberia with reliable and affordable green electricity is becoming reality,\u201d said Cllr. Archibald Bernard, President George Weah’s legal advisor.<\/p>\n
Bernard, who is also a member of the SP2 Steering Committee, claimed that his government is looking beyond the pending project that will provide all-year-round hydroelectric energy for Liberia.<\/p>\n
\u201cGreen energy generation is at the core of his Pro-Poor Agenda. He also noted that stable, affordable, and plentiful green energy can meet social, economic, and development needs; and even export excess power to other African countries.\u201d<\/p>\n
For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"TINA S. MEHNPAINE Africa-Press – Liberia. The World Bank has pledged a monumental sum of US$300 million to finance and bolster Liberia’s electricity infrastructure with the construction of another hydroelectric dam. The dam, which is expected to be built on the St. Paul River, in lower Bong County, is an ambitious project which seeks to […]<\/p>\n","protected":false},"author":84,"featured_media":40234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,244],"tags":[233,237,234],"class_list":["post-40236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\n
Liberia: World Bank to Give Liberia US$300M to Construct Another Dam - Liberia<\/title>\n<meta name=\"description\" content=\"The World Bank has pledged a monumental sum of US$300 million to finance and bolster Liberia's electricity infrastructur ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberia: World Bank to Give Liberia US$300M to Construct Another Dam\" \/>\n<meta property=\"og:description\" content=\"The World Bank has pledged a monumental sum of US$300 million to finance and bolster Liberia's electricity infrastructur ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T13:30:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-14T13:42:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2023\/07\/sm_1689329486.506528.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Liberia: World Bank to Give Liberia US$300M to Construct Another Dam\",\"datePublished\":\"2023-07-14T13:30:19+00:00\",\"dateModified\":\"2023-07-14T13:42:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam\"},\"wordCount\":507,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2023\/07\/sm_1689329486.506528.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-world-bank-to-give-liberia-us300m-to-construct-another-dam\",\"name\":\"Liberia: World Bank to Give Liberia US$300M to Construct Another Dam - 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