Lawmakers Begin Review of Major US$57 Million Renewable Energy Deal

Monrovia, Liberia: Liberia’s House of Representatives has begun scrutiny of a proposed US$57 million renewable energy financing deal aimed at boosting electricity production and improving power connectivity across the country.

The financing package, submitted to the Legislature by President Joseph Nyuma Boakai, was officially presented during Thursday’s plenary session on May 28, 2026. Lawmakers subsequently mandated multiple committees to conduct a detailed review before any final legislative action is taken.

Committees assigned to examine the agreement include Mines and Energy, Investment, Public Utilities, Ways and Means, as well as Contracts and Monopoly.

The agreement, signed between the Government of Liberia and the International Development Association (IDA), focuses on expanding renewable energy infrastructure and strengthening regional electricity integration among participating nations.

A major component of the project is the planned construction of a 30-megawatt solar power facility at Mount Coffee Island. The project will also include a 12-megawatt-hour battery storage system and supporting transmission infrastructure to connect the facility to the national power grid.

In addition to the solar project, the financing will support the expansion of the Mount Coffee Hydropower Plant through the installation of four new turbines capable of generating a combined 42 megawatts of electricity.

Government says the initiative is expected to significantly improve national power generation capacity and increase access to stable electricity for thousands of Liberians.

President Boakai has meanwhile urged the Legislature to speedily ratify the agreement, describing the project as critical to Liberia’s energy transformation agenda.

The House committees are expected to present their findings and recommendations to plenary next week.

Source: House of Representatives