Freetown, Sierra Leone – January 25, 2017: The Government of Sierra Leone through its utility companies including the EDSA (Electricity Distribution and Supply Authority) and EGTC (Electricity Generation and Transmission Company) has signed the Power Purchase Agreement with the CI Energies of Cote d’Ivoire and the Transmission Service Agreement with TRANSCO CLSG.
The PPA is a contract between two parties – one which generates electricity (which is Cote d’Ivoire) and one purchasing electricity (the CLSG countries). The TSA is an agreement between TRANSCO CLSG, as the transmission company and the respective CLSG governments through their utilities.
The latest milestone concludes the Commercial Framework component of the CLSG project. The conclusion of these agreements was a major condition precedent to the disbursement of funds by donors for the EPC contracts.
In presenting copies of the Agreements to the General Manager of TRANSCO CLSG, Mohammed M. Sherif on Wednesday, January 25, 2017, the acting Director General of EDSA, Alhaji Timbo reaffirmed his country’s support to making sure stable and affordable electricity comes to the people of Sierra Leone and the sub region. He said the signing of the two agreements is an indication of Sierra Leone’s unwavering commitment to the successful implementation of the CLSG project.
The visiting World Bank team headed by the CLSG Project Task Team leader, Madame Clemencia Torres de Mastle and the Management of TRANSCO CLSG were delighted and they thanked the Government and people of Sierra Leone for the breakthrough.
The World Bank Task Team leader on the CLSG project said donors are pleased with the progress made the implementation of the CLSG project. She disclosed that donors appreciate the level of commitment the governments of the CLSG countries have shown towards the successful implementation of the CLSG project.