The General Manager of the Transmission Company in Cote d’Ivoire, Liberia, Sierra Leone and Guinea (TRANSCO CLSG), Mohammed Mulibah Sherif, has praised the Liberian government for its immense contribution towards the project.
Mr. Sherif made the statement yesterday at the opening of a two-day project with the Owners Engineer and National Contracting Company Limited to discuss in detail the scope of the CLSG project and its implementation.
He said the government has provided US$2.3 million for a resettlement plan for those that would be affected by the project.
“In addition to that, there is a component called cost contingency to which the government has also provided funding. Firstly, they pay US$1.8, second U$1.5 – total US$3 million against US$5.2 million; and hopefully the next fiscal budget year when the revenue scope improves the government would give the remaining US$1.7 million.
“In the midst of economic difficulties, the government has really tried to meet up with its commitment with the CLSG implementation,” said Sherif.
He added: “With this funding from Government and other partners, including the World Bank, the people are waiting to see the reliable and affordable electricity in their homes and communities. This will spur economic growth in Liberia, Sierra Leone and Guinea as well as in the Ivory Coast.”
According to him, nobody can easily wait to get connected to an electricity grid, “and it is a challenge for you and challenge for my team. Today, we are here and the PIU and the Owners Engineering Company will be engaging you to know some of the expectations, the planning in terms of what you want to bring on board and what will be our roles as we proceed forward.”
Mr. Sherif told journalists that the project is worth over US$400m and is financed by the World Bank, European Investment Bank and the African Development Bank to electrify rural communities in Cote d’Ivoire, Liberia, Sierra Leone, and Guinea.
“We went through the guidelines under the World Bank’s rules and you were competitively recruited and we have no doubt you will implement fully to achieve the desired income,” he urged the contractors.
“The total funding is US$445m,” Sherif said.
Under the World Bank financing, TRANSCO CLSG awarded the contract for Lot 1 transmission line, which runs from Yekepa to Buchanan, to the JV Elecnor-Eiffage Energie of Spain.
On January 16, TRANSCO also awarded Saudi Arabia based National Contracting Company Limited Lot 2 of the transmission line from Buchanan to Mano via Monrovia.
On January 18, TRANSCO awarded Lot 3 to Jyoti Structures Limited of India, under the European Investment Bank (EIB) financing, which runs from Mano in Liberia to Kenema and Bikongor in Sierra Leone.
TRANSCO CLSG is a regional transmission company established by international treaty to build 1,303km transmission line and substations from Cote d’Ivoire, linking Liberia, Sierra Leone and Guinea.