Liberia has sealed a Memorandum of Understanding (MoU) with multinational renewable energy company, Gigawatt Global, for the financing and construction of a 10MW solar PV power plant in Monrovia.
According to local media the Liberian Observer, the signing took place last week at the permanent mission of Liberia to the United Nations in New York.
Liberia’s Foreign affairs minister, Marjon Kamara, signed on behalf of the Liberian government, while the new projects coordinator, Remy Reinstein, signed on behalf of Gigawatt Global.
During the signing ceremony, Kamara said: “It’s almost a must now that when you enter these kinds of contracts the company or enterprise does something for the community in which it operates. I’m very pleased that your business philosophy enables you to address other needs in your operational areas.”
Commenting on the development, Reinstein stated that beside the deal of a 10MW to be launched, his company intends to install 30 additional megawatts in other parts of the country where government deems fit.
Source: ESI Africa