The Rural and Renewable Energy Agency (RREA) said, it welcomes the ongoing consideration by the Senate of a Loan Agreement, which Joseph Nyuma Boakai submitted for the continued implementation of the Renewable Energy for Electrification in Liberia (REEL) Project.
The communication, currently before the Plenary of the Senate and under review by its Committee on Ways, Means, Finance and Budget.
It seeks ratification of an agreement between the Liberia and the African Development Fund.
The additional financing is intended to address cost overruns and ensure the full realization of the project’s original design.
The REEL Project represents a cornerstone of the national energy strategy to expand access to reliable, affordable, and sustainable electricity, particularly in underserved and rural communities.
As outlined in the President’s communication dated March 25, 2026, and addressed to Senate Pro-Tempore Nyonblee Karnga-Lawrence, the project will support the development of the Gbedin Falls Hydropower Plant on the St. John River in Nimba County.
It will also facilitate integration with both national and regional electricity grids, contributing to energy security and regional power trade.
The additional financing amounting to UA 5,470,000, equivalent to approximately US$7,384,500, will play a critical role in advancing project completion.
The RREA underscores that the successful implementation of the REEL Project is expected to deliver wide-ranging benefits, to include the provision of reliable electricity to households and businesses, improvement of socio-economic conditions in targeted communities, increased national electricity access rates, reduction of greenhouse gas emissions through clean energy generation and strengthened operational efficiency and revenue generation for RREA and the Liberia Electricity Corporation (LEC) in Nimba county.
The Agency meanwhile, reaffirms its commitment to work with government and development partners to accelerate the transition to sustainable energy, and ensure inclusive access to electricity for all.