European Central Bank offers loan for Liberia's Mount Coffee rehabilitation project

Mount Coffee

The Liberian government has secured a US$65 million concessional loan from the European Central Bank (ECB) to help finance the 64-MW Mount Coffee hydroelectric project.

The Mount Coffee hydropower plant was destroyed during a period of civil war in the early 1990s, making the cost of repairs and upgrades an estimated $230 million. reported in December 2011 that the West African Power Pool (WAPP) had named Stanley Consultants Inc. to prepare engineering studies and tender documents pertaining to Mount Coffee's rehabilitation before inviting pre-qualifications from equipment suppliers in October 2012.

Work on the project is expected to begin later this month after Liberia declared its electricity deficit to be a national emergency.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs