Liberia has taken a large step in renewable power, with an funding of US$105 Million.
By Stephen G. Fellajuah
Monrovia, Liberia, Could 22, 2025 – Liberia has launched a US$105 million Renewable Vitality Funding Plan Framework & Roadmap, aiming to spice up power entry, cut back emissions, and obtain important strides towards its 2030 local weather objectives.
The initiative, spearheaded by the Environmental Safety Company (EPA) in collaboration with the Ministry of Mines & Vitality, Ministry of Finance and Growth Planning (MFDP), Liberia Electrical energy Regulatory Fee (LERC), and the Rural and Renewable Vitality Company (RREA), targets over 2 million residents throughout key counties.
Counties anticipated to learn embody Montserrado, Margibi, Grand Bassa, Nimba, and Grand Cape Mount.
The nation has lengthy relied on the Liberia Electrical energy Company (LEC), whose service supply faces challenges corresponding to widespread energy theft and unreliable provide, particularly through the dry season when the nation’s sole hydroelectric dam experiences diminished capability.
The funding plan was formally launched on Could 20, 2025, at Corina Lodge in Monrovia by Dr. Emmanuel Urey King Yarkpawolo, Govt Director of the EPA.
The occasion featured a presentation by Mr. Philips Spencer, Senior Guide and Venture Supervisor at CPCS (Canadian Pacific Consulting Providers), who supplied a complete overview of the framework. In keeping with Mr. Spencer, the undertaking goals to: obtain a 30% share of renewable power within the nationwide power combine by 2030.
It seeks to achieve carbon neutrality according to Liberia’s Nationally Decided Contributions (NDCs), Develop 100 MW of renewable power capability by de-risking funding to draw Impartial Energy Producers (IPPs) and cut back dependency on diesel turbines and thermal energy, considerably chopping greenhouse gasoline emissions.
It could make the most of Inexperienced Local weather Fund (GCF) financing to scale back prices for IPPs and strengthen the federal government’s capability in managing tenders and implementing renewable power tasks.
Spencer’s presentation additionally outlined key challenges, together with an absence of technical experience in undertaking planning and feasibility evaluation, insufficient instruments for normal tendering, and gaps in authorized, regulatory, and monetary frameworks.
Stephane Barleau, Renewable Tender Advisor at CPCS, additionally participated within the launch alongside Spencer.
Talking on behalf of Dr. Yarkpawolo, Ben Karmorh, Jr., Chief Technical Advisor and Local weather Change Focal Level on the EPA, emphasised the financial and environmental significance of the plan.
“This framework represents a daring step towards financial transformation by diversifying power sources, creating jobs, and empowering companies. It’s going to gentle properties, energy faculties, and energize communities, remodeling lives and fostering inclusive improvement,” Karmorh stated. He added that the plan displays Liberia’s dedication to the atmosphere.
