Liberia’s lack of electricity access (1.6% electrification rate) and reliable services, and the high cost of electricity service (52 cents/kWh) hinder sustainable economic growth. As Liberia recovers from conflict, increasing energy access and security are a national priority.
Source: World Bank
Liberia is using $50 million in grants and concessional financing from the SREP to support efforts to increase energy access through off-grid electricity solutions (mini-grids and stand-alone renewable energy services) that will supplement the expansion of centralized generation and transmission facilities.
Some 360,000 people (9% of the country’s population) living outside of the capital city are expected to benefit from development of renewable energy technologies like small hydro, solar PV, biomass, and hybrids. Moreover, the SREP planning process has focused stakeholder attention and political resolve around concrete actions for increased energy access via renewables.
Two-thirds of the population lives in remote areas unconnected to the grid
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Liberia Renewable Energy Project||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 23.50||FUNDING (USD MILLION) 5.98||MDBAFDB|
|Renewable Energy for Electrification in North and Center Liberia Project-Mini Grids||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 25.00||FUNDING (USD MILLION) 2.00||MDBIBRD|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.