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MCC Proud To Contribute To Liberia’s Hydro Project - Lee
Date Uploaded: Dec 19, 2016

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MCC Proud To Contribute To Liberia’s Hydro Project - Lee
By Robert Dixon

MONROVIA, December 17 (LINA) –The Deputy Chief Executive Officer (CEO) of the Millennium Challenge Corporation (MCC),  Nancy Lee, says she is proud that as part of its $257 million compact with Liberia, the MCC joined international partners as a contributor to the ambitious Mount Coffee Hydro Power Project.

She recalled that five years ago under President Ellen Johnson Sirleaf’s leadership, the government of Liberia launched a far-sighted plan to restore the hydro power plant.

Speaking at the commissioning ceremony of the hydro plant, Madam Lee noted that despite significant challenges, including the devastating Ebola Virus outbreak, they were celebrating the progress they have made together.

The new turbine produces 22 megawatts of electricity that the Liberia Electricity Corporation (LEC) will provide Liberians and businesses.

“And by this time next year, Mount Coffee Hydro power plant will be fully completed, with four turbines, producing 88 megawatts or four times the amount of power generated in Liberia today,” she indicated.

Madam Lee pointed out that they estimated that nearly half a million people will benefit in very direct ways from this compact.

She also said that the cost of electricity in Liberia was before now among the most expensive in the world, adding only two percent of its population is connected to the grid.

“This is why connecting homes and businesses to affordable electricity is a priority for the Liberian government and its partners,” Madam Lee noted.

She observed that power drives business growth, adding that a recent survey found that one in four businesses in low-income countries indicated that access to power is their top constraint to growth.

Madam Lee pointed out that the MCC remains committed to working with the Government and people of Liberia to improve lives and achieve the country’s energy development agenda.

“We have much work left to do under the compact, including supporting and strengthening the LEC so that it can provide the services that the people of this country deserve,” she said.

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