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WEST AFRICAN POWER POOL (WAPP) PÖYRY ENERGY LTD.<br />

Mount Coffee HPP ESIA and RAP 2012-09-18<br />

ESIA Report Page 182<br />

covered are the macro-economic situation of Liberia, the actual and future demand for<br />

electricity, the existing and planned electricity production system and the tariffs.<br />

Chapter 25.4 describes the approach followed to perform the economic analysis and<br />

summarizes the obtained results.<br />

The Report ends with Chapter 25.5 Conclusions and Recommendations.<br />

Short and summary tables are included in the main text. Detailed tables are grouped in<br />

the Annex 25.<br />

25.2 Mount Coffee Hydropower Plant<br />

25.2.1 Stanley Consultants’ Study 2008<br />

The firm Stanley Consultants completed in December 2008 the Technical and Financial<br />

Feasibility Study for the Reconstruction and Expansion of the Mount Coffee Hydropower<br />

Facility. This study is very comprehensive and covers all the topics normally pertaining to<br />

a feasibility study, from project optimization to financial and economic analysis.<br />

In the next paragraphs, the technical characteristics and parameters of the proposed<br />

project relevant for the present study are summarized.<br />

Given the characteristics of the situation in Liberia prevailing at the time of the<br />

preparation of the feasibility study, Stanley Consultants proposed the following threestep<br />

process to meet internal demands for electricity:<br />

� First Step: Rehabilitate Mount Coffee Hydropower Plant, with four turbines with<br />

a total installed capacity of 66 MW and construct a new storage reservoir near<br />

the confluence of the St. Paul and Via Rivers (Via Storage Project) to firm up<br />

the energy production<br />

� Second Step: Implement Stage 1 developments at Projects SP-1B and SP-2.<br />

These projects would be sized to take full advantage of the storage provided by<br />

the Via Project<br />

� Third Step: Implement the much larger “Ultimate” Via Storage Project, Project<br />

SP-4 and Hydroelectric Project V-1.<br />

Most relevant for the present study is the rehabilitation of Mount Coffee Hydropower<br />

Plant. Via Storage Reservoir Project and the Projects SP-1B and SP-2 on the St. Paul<br />

River will also be considered, where appropriate.<br />

The capacity installed at Mount Coffee Hydropower Plant will amount to 66 MW, with<br />

and without the Via Storage Project. For the average electricity production, Stanley<br />

Consultants retained the following figures:<br />

� Without Via Project: 342 GWh<br />

� With Via Project: 435 GWh.<br />

A summary of the probable project costs obtained by Stanley Consultants is given in the<br />

following table, in million US $:

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