Chambers Wants Passage of CLSG Financing Agreement

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Speaker Chambers (L) in handshake with Mr. Mohammed M. Sherif, head of the delegation of TRANSCO CLSG

For CLSG interconnection project

House Speaker Bhofal Chambers says the Legislature will ensure the passage of the additional financing agreement for La Côte d’Ivoire, Liberia, Sierra Leone and Guinea (CLSG) interconnection project, submitted for ratification on July 10, 2018, by President George Weah.

The amount of the additional financing allotted to Liberia is US$45.3 million. The agreement was signed on December 11, 2017, and comprises a grant of US$22.6 million and a loan of US$22.7 million.

Chambers said the Legislature is excited about the electricity project and will support its implementation in full.

He said electricity supports education, health, industry, security and the comfort of life, adding, “Liberia needs this project. We will do our best to ratify the agreement.”

It can be recalled that in February 2012, the Summit of ECOWAS Heads of States and Government approved the revised ECOWAS Master Plan for the Generation and Transmission of Electric Power, which identifies La Côte d’Ivoire, Liberia, Sierra Leone, and Guinea (CLSG) Interconnection Project as one of the five priority projects of the West African Power Pool (WAPP) for the sub-region.

The objective of the WAPP is to establish a regional electricity market in West Africa through the appropriate development and implementation of key infrastructure so that all ECOWAS (Economic Community of West African States) member states are given access to economic energy resources.

In order to accelerate the implementation of the CLSG interconnection project, WAPP uses a Special Purpose Company as a vehicle of achieving this objective.

Accordingly, the four countries duly signed and ratified an International Treaty establishing a Regional Transmission Company (RTC) known as TRANSCO CLSG with the mandate to finance, construct, own, operate and further develop the CLSG transmission interconnection line. TRANSCO CLSG is fully established and has been operational since September 5, 2014, following the appointment of its General Manager and his subsequent assumption into office at its Headquarters in Abidjan, Côte d’Ivoire.

The Speaker’s remarks were prompted by a visit from Mr. Mohammed M. Sherif, head of the delegation of TRANSCO CLSG told Speaker Chambers Monday at his Capitol Building in Monrovia that his institution is implementing a contract with West African Power Pool which will bring to reality a true actualization of the availability of significant power supply affecting several counties in Liberia amounting to an additional 120- megawatts of electricity.

The TRANSCO CLSG Manager furthered intoned that as the project implementation takes shape ,the first power substation with huge transmission cables running from the Ivory Cost is expected to be commissioned by mid next year in Botota Township Kokoya District, Bong County Central Liberia.

Mr. Mohammed however,  inform Speaker Chambers that the success of the project is countenance on Liberia’s part of the bargaining to ratify a grant and credit facility instruments currently before the Legislature so as to acquire the needed funding for the smooth execution of the projects.

When the CLSG Interconnection Project is realized, it will interlink the completed WAPP Coastal Transmission Backbone Interconnection Project and the proposed (on-going) OMVG/OMVS Power System Development Projects which are part of the WAPP Priority Projects. It is expected that the on-going Inter-zonal Transmission Hub and the North Core Transmission Projects when completed, will connect the existing robust 330kV transmission corridor in the sub-region to close the ring of the proposed WAPP High Voltage Grid mesh.

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