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$155,749.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 26, 2017
Project Estimated End Date
Apr 30, 2013
Project Description
IFC will provide follow-on PPP advisory support to the Government of Liberia, the Board of Liberia Electricity Corporation (LEC), Manitoba Hydro International (MHI) and the Government of Norway on necessary amendments to the management contract for LEC.
Development Results
IFC will assist the Government of Liberia (GOL), the Liberia Electricity Corporation, (LEC) Manitoba Hydro International (MHI) and Donors with an Amended & Restated Management Contract (MC) covering additional services related to the establishment of a project implementation unit to carry out the implementation of the rehabilitation of the Mt. Coffee hydro power plant in Liberia using grant funds from GOL and other donors. The Amended & Restated MC will also i) extend extend the Operator's services for an additional 18 months, ii) require the Operator to provide more connections, and iii) establish a framework whereby the grant funds provided for the Mt. Coffee Hydro Power plant reconstruction are priced in the Mt. Coffee Plant tariff on commercial terms, and the proceeds (ie the difference between the grant and the commercial financing costs) are required to be escrowed and utilized to finance future capital investments in distribution and generation. The additional power expected from the rehabilitated Mount Coffee project is expected to provide additional, much needed, supply that will enable increased access to power.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
1
Number of agreements (concession, etc.) signed
Not Available
1
Number of people receiving access to improved services (real/non-financial sectors)
Not Available
Not Available
Press-Release
Additional Documents
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This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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