- Developments

Breaking The Monopoly

By: Our Staff Writer

          In an effort to break the monopoly in the energy sector and ensure an uninterrupted flow of electricity in Liberia,President George M. Weah has stressed the need for a sustained competition in providing services in the energy sector of the country.  

        President Weah believes that when the electricity market has many competitors providing service, it will constrain the Liberia Electricity Corporation (LEC) to be more reliable and efficient owing to the economic benefits that comes with the availability of power.

        The provision of power is paramount to economic growth and national development as such, the Liberian leader is encouraging competition in the energy sector.

          Speaking December 12, 2018, at the offices of the LEC downtown Water Street, President Weah called on the management of the LEC to be meticulous in handling the provision of power supply.

           The Liberian Leader stressed that Liberians need electricity therefore, the LEC Management should attach due care and seriousness in the distribution and transmission of electricity.

              President Weah indicated that when there are many producers of electricity in Liberia, the citizens will have no qualms to express disappointment in the regular availability of current.

           Meanwhile, President Weah also commended the Management Team of LEC for the level of   improvement in the system.  

            “International Companies can help LEC to achieve the government pro-poor agenda” he added.

     “The companies can assist the LEC to achieve its goal by partnering with Liberia Electricity Corporation   to meet the needs of Liberians,“ President Stated.

         Meanwhile, President Weah said electricity is very important to Liberians and some communities are protesting because of the lack of electricity in these communities.

          President Weah said that the Government of Liberia owes the LEC about US$9 million for the consumption of electricity supplied by the LEC and it is unable to pay the debts. The debt were incurred by previous government.

          The Management Team of the LEC told the President that LEC is losing thousands of dollars on a daily basis owing to widespread power theft.      

        In a related development, the Management Team of LEC is currently beautifying Monrovia and its environs ahead of the celebration of the Yuletide.

      According to the Communication Specialist At the LEC, James Kpargoi, the LEC is carrying out the installation of Christmas lights and other form of lightning across Monrovia in keeping with its traditional beautification project of the city in the lead-up to the celebration of the festive seasons.

       The project which is being bankrolled entirely by the LEC commenced about two weeks ago and is expected to end by next week.

        So far, the LEC crude has completed the beautification and the decoration of Capitol Hill, parts of Sinkor, Capitol Bye-pass, and parts of Bushrod Island, Broad Street and most of Central Monrovia.