The government of Liberia might offer rehabilitation of the 64-MW Mount Coffee hydroelectric project on a build-operate-transfer basis because the government cannot afford a US$300 million price tag identified by a new feasibility study.
Liberian media reported Liberia Electricity Corp. and Stanley Consultants Inc. of the United States presented President Ellen Johnson Sirleaf a feasibility study of rebuilding and expanding the project on the St. Paul River. Stanley was commissioned to perform the study with funding from a US$531,500 grant by the U.S. Trade and Development Agency. (HNN 3/13/08)
Mount Coffee was destroyed during a period of war and civil unrest. The study recommended rebuilding Mount Coffee to 66 MW with additional upstream storage capacity to ensure year-round power generation.
The study estimated the work would cost more than US$300 million, which Sirleaf said the government could not afford. Reports said she proposed offering the project to private developers on a BOT basis in hopes it could be rebuilt in two or three years.