Electricity tariff has dropped from 49 cents to 39 cents per kw/h, representing a 25 percent decrease in tariff in the energy sector of the country, according to a Liberia Compact implementation progress report.
The report by the Chief Executive Officer (CEO) of the Millennium Challenge Account Liberia (MCAL), MonieCaptan, during a visit to Liberia of the Deputy Vice President of Millennium Compact Challenge (MCC), Kyeh Kim recently, said a further decrease is expected in the next quarter.
Captan noted that Liberia’s Compact is unique in that it did not undergo a pre-implementation stage, but rather went directly into an implementation phase with the Mt. Coffee Project.
He indicated that although the Compact entered into force on January 20, 2016, the MCAL only became fully operational about a year later due mainly to start-up activities such as staff recruitment, facilities acquisition, and the engagement of banking, fiscal and procurement services.
“Despite the one-year lull, we have been able to make good progress in the implementation of the compact,” he added.
According to Captan, the energy project is well underway with the Mount Coffee Hydro Plant in White Plains outside Monrovia now on line supplying reliable electricity to the national grid, adding that the primary challenge in the energy sector is the slow rate of connection of customers to the grid.
The report indicated that at present, the peak load at the Mount Coffee Hydro Plant in White Plains outside Monrovia is around 20.5 megawatts which represents only a quarter of the full capacity of the plant.
The Liberia Electricity Corporation (LEC) and some of its donor partners, the report continued, have now embarked on a connection campaign to boost the connection numbers and rate, adding that now connected are large customers, including the Royal Grand Hotel, ERA Supermarket, Orange and the Riverview Compound.
“We expect to see better progress in the months ahead,” the report said.