RENEWABLE ENERGY FOR ELECTRIFICATION IN EASTERN LIBERIA (AFDB-P-LR-FA0-001)

Countries
  • Liberia
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 31, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
LIBERIA ELECTRICITY CORPORATION
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 36.45 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported UAC 27 million
Converted using 2017-06-30 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 19, 2018

Disclosed by Bank May 31, 2017


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Project Description

SREP projects will focus on both on-grid and off-grid expansion options for sector using renewable energies. At this stage, the Bank is in the final process to recruit consultancy firms to perform feasibility studies on potential hydropower and biomass projects. The following sites have already been identified for mini/micro hydropower plants: Gbedin Falls (St. John River Basin, Ya Creek (St. John River Basin)and River Gee (Cavalla River Basin)

The ultimate objective of the project is to increase the Liberian population's access to electricity. More specifically, the projects is to meet the electricity needs of a significant part of the rural population in eastern Liberia by using indigenous renewable energy resources. It also aims to help enhance institutional, human and technical capacities, introducing sustainable business and to create an approach that can be replicated and supported by different development partners.

Investment Description
  • African Development Bank (AFDB)
Contact Information

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.