The Transmission Company of La Cote d’ Ivoire, Liberia, Sierra Leone and Guinea (TRANSCO CLSG) is expected to hold a commercial framework conference for the Power Purchase Agreements (PPAs) and the Transmission Service Agreements (TSAs) in Liberia, with stakeholders to discuss, validate and adopt the draft bilateral agreement.
The Power Purchase Agreement (PPA) is a contract between two parties, one generating electricity (La Cote d’Ivoire), and the one buying (the CLSG). In this case, TRANSCO CLSG, as the transmission company, is signing the agreement with the respective governments through their utilities.
TRANSCO CLSG is responsible for building 1,439 km of transmission lines for sub-regional interconnection and is part of the West Africa Power Pool project.
General Manager Mohammed M. Sherif will lead a high-level delegation to this conference, which will commence on May 2 in Monrovia.
According to a statement released yesterday, the delegation will travel to Sierra Leone and Guinea to conduct similar activities, accompanied by his deputies including the Director of Finance and Administration Jigba Yilla and the Director of Project Implementation Unit, Etienne Baily.
Mr. James Schmidt, a resource person and consultant supporting the preparation of the commercial framework of the project, will attend the workshops and is expected to give an overview on key issues related to the PPAs and TSAs.
The regional transmission company is collaborating with the Ministry of Lands, Mines and Energy to ensure the successful outcome of the conference, and the conclusion of the agreements will be a condition precedent to the disbursement of funds by donors for the contracts.
Meanwhile, draft bilateral agreements with each of the CLSG countries have been prepared and each country is expected to review and validate its agreement.