By: Front page Africa

The Liberian Government, through the Liberia Electricity Corporation (LEC), has signed a landmark agreement with renewable energy leader Scatec for the construction of a 23.75 megawatt-peak (MWp) solar power plant. The project, which includes 10 megawatt-hours (MWh) of battery storage, will be located at the LEC Shefflin site in Margibi County and is slated for completion within 64 weeks.

The agreement was formalized on Wednesday, October 14, 2025, at the headquarters of the International Finance Corporation (IFC), the World Bank’s private sector arm, on the sidelines of the World Bank and IMF annual meetings. The signing ceremony was attended by key stakeholders from the IFC, the Government of Liberia, and Scatec.

This solar facility is a critical intervention for a nation working to overcome severe energy poverty. According to World Bank data, only about 30% of Liberia’s population has access to electricity, a figure that plummets to just 6% in rural areas. The project is a cornerstone of the government’s ambitious “Mission 300” initiative, supported by the IFC, which aims to deliver 300,000 new electricity connections to Liberian homes and businesses.

Strategic Signing for a Sustainable Future

Signing on behalf of Liberia were Hon. Augustine Kpehe Ngafuan, Minister of Finance and Development Planning, and Mr. Mohammed M. Sherif, Managing Director of LEC. Mr. Hans Olav Kvalvaag, CEO of Scatec, signed on behalf of the company.

Minister Ngafuan expressed the Government’s deep appreciation to the partners who made the project possible. “On behalf of His Excellency President Joseph Nyuma Boakai, Sr., and the Government and people of Liberia, I extend heartfelt thanks to Scatec, the LEC, the IFC, and the sector lead—the Ministry of Mines and Energy—for working collaboratively to make this milestone possible.”