Sierra Leone to lure IPP investors

Author: Danielle Myles | Published: 13 Oct 2014
The Bumbuna hydroelectric project is already capitalising on the country’s significant hydro potential

Sierra Leone’s energy minister has promised concessions to foreign investors as part of his plan to overhaul the country’s struggling power sector.

Speaking exclusively with IFLR, Henry Macauley outlined the "ambitious but necessary" set of reforms which he hopes will increase the Ebola-hit country’s energy output from 100MW to 1000MW by 2017.

The strategy, known as Power Sierra Leone, was launched in London last Thursday. It intends to address the country’s chronic electricity shortage through the involvement of private sector participants to act as independent power producers (IPP) and build transmission infrastructure.

Today, all but two of the country’s power sources are owned and funded by the government. The proposed changes aim to remove this burden on the public sector by creating a more transparent, predictable and credible energy sector that is...


 

 

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