Abidjan, CI May 24, 2017: The Management of TRANSCO CLSG, a regional transmission company responsible for the transmission of affordable and reliable electricity to millions of citizens in Liberia, Sierra Leone and Guinea is holding a high-level Donors’ Coordination meeting in Monrovia, Liberia to discuss the progress and challenges in the implementation of the CLSG project.
The annual meeting is being organized within the framework of the implementation of the CLSG interconnection project, to provide updates to stakeholders. The meeting runs from Wednesday, May 31, 2017 to Thursday, June 1, 2017 at the Cape Hotel, Mamba Point.
Mr. Mohammed M. Sherif, the General Manager of TRANSCO CLSG and senior staff of the Company have arrived in Monrovia for the meeting.
The World Bank (WB), the African Development Bank (AfDB), the European Investment Bank (EIB) and the German Development Bank (KfW) are among the key stakeholders attending the meeting.
At the opening ceremony, the Chairperson of the Board of Directors of TRANSCO CLSG, Mr. Amidou Traore will make welcome remarks to be followed by remarks by representatives of the Donors. Liberia’s Minister of Finance and Development Planning, Mr. Boima Kamara is expected to make remarks.
The Minister of Finance of Liberia will also make remarks. There will be presentation and discussion on the project progress status including the Project implementation progress, Status of the procurement activities, Contract effectiveness and mobilization of EPC contractors and Project change of scope. There will also be Presentation and discussion on the issue of the 5th substation in Liberia.
The procurement processes, the Environmental and Social Management Plan (ESMP) and the Resettlement Action Plan (RAP), Project cost and financing, coordination strategy will be highlights of the meeting.
TRANSCO CLSG was created to carry out the CLSG interconnection project as reflected in the model agreed upon by the four Member States; that is to finance, construct, own, operate, develop and maintain an interconnection line between Côte d’Ivoire, Liberia, Sierra Leone and Guinea.
This project aims at promoting a regional energy market and optimizes the use of energy resources in West Africa. It is one of the five priority projects of the West African Power Pool Master Plan that aims to build a 225kV high voltage line, long of 1,303 km to connect the electrical networks of the 4 countries.
The CLSG project is being financed by donors including the World Bank, African Development Bank, European Investment Bank and the German Development Bank (KfW) through loans and grants.