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

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.

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