Monrovia – The House of Representatives has mandated several of its standing committees to review a proposed US$57 million financing agreement between the Government of Liberia and the International Development Association (IDA) aimed at strengthening the country’s energy sector.
The decision was taken during the House’s regular Thursday sitting on May 28, 2026, following the submission of the financing agreement by President Joseph Nyuma Boakai.
The committees assigned to review the agreement include the Committees on Investment, Mines and Energy, Contracts and Monopoly, Ways, Means and Finance, and Public Utilities.
According to the agreement, the project seeks to rapidly expand Liberia’s grid-connected renewable energy capacity while also enhancing regional energy integration among participating countries.
One of the key components of the project is the construction of a 30-megawatt solar power plant with a 12-megawatt-hour battery storage system at Mount Coffee Island. The project will also include the installation of transmission lines to connect the facility to the national grid.
Additionally, the agreement provides for the expansion of the Mount Coffee Hydro Power Plant through the installation of four new turbines, each with a maximum generating capacity of 10.5 megawatts. The expansion is expected to add approximately 42 megawatts of electricity to Liberia’s power generation capacity.
Under the arrangement, the International Development Association will provide Liberia with a concessional credit facility valued at US$57 million to support the full implementation of the project.
President Boakai, in his communication to the Legislature, urged lawmakers to give timely consideration and ratification to the agreement, emphasizing its importance to Liberia’s energy development agenda.
According to the President, the project represents a major step toward improving electricity access, strengthening renewable energy infrastructure, and supporting long-term economic growth across the country.
Meanwhile, the House committees assigned to review the agreement are expected to report their findings and recommendations to plenary next Thursday.
The proposed financing agreement comes amid ongoing national efforts to improve electricity generation and reduce Liberia’s dependence on costly fuel-based energy sources.
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