Liberia's Hydropower Revived with $7.4M AfDB Loan
ADF Provides Critical Funding to Complete Liberia’s Hydropower Project The African Development Fund (ADF) has taken a significant step in supporting Liberia's renewable energy ambitions by approving a $7.41 million financial injection to complete the Renewable Energy for Electrification project. This initiative is a key component of the country's efforts to expand access to electricity and promote sustainable development. The funding is specifically aimed at addressing critical financial and operational challenges that have delayed the project. At the heart of this initiative is the construction of a 9.34-megawatt run-of-river hydropower plant located at Gbedin Falls in Nimba County. This plant is expected to play a vital role in meeting the energy needs of the region. Addressing Financial and Operational Challenges The additional loan is intended to overcome cost overruns that have occurred during the construction phase of the hydropower plant. It will also cover expenses ...