28/05/2026
๐๐ผ๐๐๐ฒ ๐ฅ๐ฒ๐๐ถ๐ฒ๐๐ ๐จ๐ฆ$๐ฑ๐ณ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฆ๐ผ๐น๐ฎ๐ฟ ๐๐ป๐ฒ๐ฟ๐ด๐ ๐๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐
The House of Representatives has requested at least five committees to review a fifty-seven million dollar financing agreement between Liberia and the International Development Association- IDA.
The committees are Investment, Mines and Energy, Contracts and Monopoly, Ways and Means, and Public Utilities.
Plenary took the decision during its regular Thursday sitting on May 28, 2026, after receiving the agreement from President Joseph Boakai.
The agreement, between Liberia and the International Development Association, seeks to rapidly expand grid-connected renewable energy capacity and strengthen regional energy integration among participating countries.
The project will support the construction of a thirty megawatt solar plant with twelve megawatt hour battery storage, including associated transmission lines for grid connection at Mount Coffee Island.
It will also fund the expansion of the Mount Coffee Hydro Power Plant by adding forty-two megawatts of capacity through the installation of four turbines, each with a maximum capacity of ten point five megawatts.
Under the agreement, the International Development Association will extend a concessional credit of fifty-seven million United States dollars to support the full implementation of the project.
President Boakai, in his submission to the Legislature, urged timely ratification of the financing agreement, stressing its importance in strengthening Liberia's overall energy sector.
Meanwhile, the committee is expected to report to plenary next week Thursday.
Source: The Honourable House of Representatives Republic of Liberia