The annual meeting which is being organized within the framework of the implementation of the CLSG interconnection project, to provide updates to stakeholders will begin tomorrow, September 22, 2016 in Monrovia.
Mr. Mohammed M. Sherif, the General Manager of TRANSCO CLSG, will lead a high-profile delegation to the meeting. Accompanying him are the Director of the Project Implementation Unit, Mr. Entienne Bailly and the Director of Finance and Administration, Jigba Yilla.
The World Bank (WB), the African Development Bank (AfDB), the European Investment Bank (EIB) and the German Development Bank (KfW) are among the stakeholders attending the meeting.
The procurement processes, the Environmental and Social Management Plan (ESMP) and the
Resettlement Action Plan (RAP), project cost and financing, coordination strategy are highlights of the meeting.
TRANSCO CLSG was created to carry out the CLSG interconnection project as reflected in the model agreed upon by the four Member States; that is to finance, construct, own, operate, develop and maintain an interconnection line between Côte d’Ivoire, Liberia, Sierra Leone and Guinée.
This project aims at promoting a regional energy market and optimizes the use of energy resources in West Africa as a whole. It is one of the five priority projects of the West African Power Pool Master Plan that aims to build a 225kV high voltage line, long of 1,303 km to connect the electrical networks of the 4 countries.
The CLSG project is being financed by donors including the World Bank, African Development Bank, European Investment Bank and the German Development Bank (KfW) through loans and grants at an approximate project cost of USD 476 million.