Temperature - European Investment Bank

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WEST AFRICAN POWER POOL (WAPP) PÖYRY ENERGY LTD. Mount Coffee HPP ESIA and RAP 2012-09-18 ESIA Report Page 180 The collected data can be grouped in the following categories: � General economic framework of the country � Power market � Liberia Electricity Company � Mount Coffee Hydropower Plant. 25.1.2.2 General Economic Framework of the Country To obtain an understanding of the general economic framework existing now and expected to prevail in the near future in Liberia, the following reports were consulted: 25.1.2.3 Power Market � Liberia Economic Recovery Assessment, US Aid, January 2008 � Liberia Poverty Reduction Strategy 2008-2012 � Republic of Liberia: Abridged Budget Framework Paper, Ministry of Finance, March 2011 � Central Bank of Liberia, Annual Report 2011, January 2012 � Liberia Poverty Reduction Strategy, Final Report, June 2008-December 2011, February 2012 � Liberia Economy Profile 2012, Globserver, March 2012 � Liberia Investment Climate Statement 2011, 2012, Government of United States. The following documents were reviewed to get a picture of the power market of Liberia: � Liberia: National Energy Sector White Paper, February 2007 � Liberia: National Energy Policy: an Agenda for Action and Economic and Social Development � Liberia Infrastructure: A Continental Perspective, World Bank, March 2011 � Options for the Development of Liberia Energy Sector, The World Bank, October 2011. 25.1.2.4 Liberia Electricity Company From the Liberia Electricity Company (LEC), the following documents were obtained: � LEC Electric Master Plan, March 2011 � LEC Tariff Policy, March 2011 � LEC Year 2 (July 2011-June 2012) Investment Plan, April 2011 � LEC Monthly Status Report to the board of Directors, February 2012.
WEST AFRICAN POWER POOL (WAPP) PÖYRY ENERGY LTD. Mount Coffee HPP ESIA and RAP 2012-09-18 ESIA Report Page 181 25.1.2.5 Mount Coffee Hydropower Plant 25.1.3 Approach The firm Stanley Consultants has been and is still involved in technical studies related to the rehabilitation studies of Mount Coffee Hydropower Plant. The following two reports have been studied: � Technical and Financial Feasibility Study for the Reconstruction and Expansion of the Mount Coffee Hydropower Facility in Liberia, Final Report, December 2008 � Design Report, Final, February 2012 � Feasibility Study Review Report, Final, February 2012. The economic analysis carried out for the project of the rehabilitation of Mount Coffee Hydropower Plant consists of the following main steps: � Summary of the relevant main characteristics of the to be rehabilitated Mount Coffee Hydropower Plant � Definition of the macro-economic framework, within which the rehabilitated hydropower plant will operate � Estimation of the existing and future electricity demand of the city of Monrovia and of Liberia � Description of the existing electricity supply system and identification of the future electricity supply options � Computation of the electricity demand, which can be covered by the rehabilitated Mount Coffee Hydropower Plant � Determination of the best alternative to the project rehabilitation of Mount Coffee Hydropower Plant � Examination of the financial aspects of the operation of the Liberia Electricity Company, among others costs and revenues (tariffs) � Realization of the economic analysis, taking into account the characteristics of the project framework derived in the preceding steps of the study. The review of the documents mentioned under Section 1.2 indicated how to set up the to be performed economic analysis and provided the basis to define the values of the parameters required for the economic analysis. 25.1.4 Content and Organization of the Chapter The organization of the present report is directly related to the sequence of steps of the approach described in the preceding section. Accordingly Chapter 25.2 deals with the presentation of the various issues concerning the rehabilitation project of Mount Coffee Hydropower Plant. Chapter 25.3 “Power Market” presents all the issues, which define the framework, within which Mount Coffee Hydropower Plant is expected to operate. The issues
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Temperature - European Investment Bank

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