Investment Opportunities in Energy

The Government of Liberia, through the Ministry of Lands, Mines and Energy (MLME), is implementing a comprehensive Electricity Master Plan for developing the sector in Liberia up to 2030. Key objectives of this plan include;

Aggressive reconstruction and expansion of the transmission and distribution     infrastructure

Expansion of firm generation capacity and diversification of generation sources
Reduction in cost of electricity and increasing the reliability of electricity supply;
Development of the capacity to effectively manage the energy sector
Developing a new legal and regulatory framework which facilitates execution of this strategy
Attracting private investment to the energy sector, particularly in generation, transmission and distribution of electricity in order to leverage the use of public resources.

Hydro Power Potential

  •       High potential for hydropower - difference between the dry and wet seasons.

  •       This overview of potential hydropower capacity in Liberia shows that there is a significant potential of       up to 1,500         MW,

  •       However, it is necessary to review these projects with reference to the followings aspects:

                    1 - Suitability for hydropower plants with and without reservoir

                    2 - Verification of technical and hydraulic data

                    3 - Integration into transmission grid
                    4 - Environmental and social impacts.
                         For the Mano and Cavalla Projects, these rivers are Border Rivers to neighboring countries (Sierra Leone and Ivory                                                       Coast). Hence, Regional Approach 


Potential Small and Mini-Hydro Sites


Solar Potential

                    1 - As Liberia is located near to the equator, the conditions are generally favorable for any kind of use of solar radiation.
                    2 - Estimates from satellite measurements suggest monthly average daily solar radiation between 6.02 kWh/m2/d in February/March to 3.85 kWh/m2/d in July/August which show good prospects for photovoltaic systems. 

                    3 - Total production of 1400 - 1700 kwh/kW peak (including losses) is a realistic figure for concept evaluations.

                    4 - There is potential for solar power generation especially in rural areas where no connection to a grid or a local power station can be made available.
                    5 - Possible solutions in combination with other sources and storage systems will be encouraged, taking into account that power generation by photovoltaic systems is not in accordance with times of maximum use of electricity.

Wind Potential

Based on globally available wind speed data, the estimate of the wind speed in the coastal area is about 3.5 m/s to 6 m/s in the different months of the year.
There is a significant potential for power generation based on windmills all over the country if turbines specialized for low wind speeds are installed.
The advantage of the coastal areas is there is higher wind speed in some months, whereas the advantage of the mountainous areas is the more constant availability of wind over the year.

Waste to Energy Potential

Liberia is generally favorable for waste to energy power production.
Municipal Solid Waste (MSW) production for different regions of Liberia in 2014 was estimated as 269,626 tons/year with Monrovia producing 75% of the estimated waste.
This lead to a projected energy production of 16,645 MWh/year
In general, a proposal for the use of waste to energy generation must include details for implementing a waste collection system.
For the future, there will be a potential for the use of waste as long as an efficient collection system can be set up.
Collection system can be set up.

Biomass Potential:

In general, Liberia has the following available classes of biomass resources:

Forestry products, forestry byproducts and forestry residues
Agricultural crops and residues
Residues and byproducts from all kinds of biogenic material processes (saw mill byproducts, byproducts from harvesting and milling)

From a current perspective, power production in combination with the palm oil mill process seems the most viable option.
For all other biomass, it is necessary to evaluate the potential locally to find suitable amounts for power generation without a competing use.
For big plantations, the use of biomass can be part of the concession contract

Source: Ministry of Lands, Mines and Energy, RL