Independent Power Producer, Sunon Asogli Power (Gh) Ltd, is set to enter the Liberia power industry.
This follows a recent visit by Togbe Afede XIV, the Agbogbomefia of the Asogli State, co-founder and a Director of Sunon Asogli Power (Gh) Ltd and a 4-member investment and technical team to Monrovia, the Liberian capital, to negotiate a deal in the power generation sector in the West African country.
Explaining what his offering to the Government of Liberia entails, he stated that the first of the three-pronged offering seeks to acquire an interest in the existing 88MW Mt Coffee Hydro Power Plant in Liberia.
Secondly, invest to expand the existing Mt Coffee Hydro Power Plant by 60-80MW in a BOO or BOOT mode in the medium term.
The third offering, according to him, in the long term is to develop a new hydro power plant on the St. Paul River to add to the generation capacity of Liberia.
Touching on the expected benefits of the investment to the country, after meeting with the ministry and agencies of the sector, he revealed that the acquired interest in the existing Mt. Coffee Hydro Power Plant is to provide capital that will help government fix the challenged power distribution sector of the electricity supply value chain.