KAKATA, Nov 17 (LINA) - The lack of electricity is a major obstacle to the growth of the Liberian economy, the former Managing Director of the Liberia Petroleum Refining Company (LPRC), Mr. Harry Greaves has said,
He explained that every business in the country needs electricity to run effectively, but noted that the current power supply by government falls far below the required quantity needed to propel economic activities.
“Monrovia city alone needs up to 120 megawatts of power supply but the Liberia Electricity Corporation (LEC) is only producing 15 megawatts, which translates to just 10 percent of the overall power supply needed in Monrovia,” Mr. Greaves said.
He told the Liberia News Agency Saturday that Government’s desire to rehabilitate the Mount Coffee Hydro Plant is good but said it was regrettable that it will only produce 70 megawatts, meaning about half of the residents of Monrovia will not receive electricity.
He called on Liberian authorities to do away with the notion that the LEC should be the only power producer in the country, and advised that such monopoly be lifted and independent power producers be involved in the supply of electricity.
Mr. Greaves also noted that with the arrival of four multi-billion dollar mining companies, the country will need over 500 megawatts of constant power supply when the mining firms reach their peak production.
He said the LEC lacks the capacity to supply such quantity of power to the entire country at the moment.
By Richard Baysah