As Finance Minister Secures 60MW Solar Energy Project… Energy Boost

 

The Finance Minister, Jacob Jusu Saffa has reportedly hit the ground running by securing the much needed 60 megawatt solar energy project.

J.J. Saffa, as he is fondly called, reportedly made this admirable achievement during this year’s annual African Development Bank (ADB) summit held in Bussan, South Korea. The deal which will go a long way in improving the country’s electricity generation and supply capacity was reportedly struck with the World Bank Vice President for Treasury. It must be noted that provision of electricity to enhance economic growth and development in poor developing countries enjoys priority World Bank financing consideration

Commenting on the need for the project, J.J. Saffa said that for the past ten years Sierra Lone had been dependent on expensive and unsustainable power supply. Under the ‘New Direction’ dispensation, he said, they feel duty bound to provide citizens with reliable and cost-effective electricity supply. The project, he said, will come on stream within 18-24 months from its implementing date. A World Bank team, he disclosed will arrive very soon in the country to finalize the said deal.

Comparatively, whilst the electricity supply contract signed by the Government of Sierra Leone with Aggreko costs 35 US cents per kilowatt hour, the coming solar energy project would cost only 7 cents per kilowatt hour which will translate into lower electricity consumption bills.

The project will fill a critical gap in the country’s growing need for electricity as it awaits implementation and completion of the Phase II Bumbuna hydroelectric project and the Trans-National Electricity generation and supply project, both of which are medium to long term implementation projects that were initiated by the erstwhile government.