Temperature - European Investment Bank

WEST AFRICAN POWER POOL (WAPP) PÖYRY ENERGY LTD.
Mount Coffee HPP ESIA and RAP 2012-09-18
ESIA Report Page 189
years after the completion of the hydropower plant, the energy requirements of the
Monrovia area are smaller than the amount of energy produced by Mount Coffee
Hydropower Plant. The excess amount of energy produced is assumed to be sold either
to mines or exported to neighbour countries.
The-30 year (2012-2041) levelized cost and rate tariff computed by Stanley Consultants
are as follows:
� Cost recovery requirements (LEC cost): 11.1 US cents/kWh
� Tariff (to end-use customers): 14.8 US cents/kWh.
To perform the economic analysis, a coal power plant was considered by Stanley
Consultants to be the best competitor.
25.3.3.3 LEC: Electric Master Plan March 2011
Context, Approach and Constraints
The LEC Electric Master Plan (EMP) covers both the period of the five year
Management Contract with Manitoba Hydro International and the period beyond. The
Management Contract sets strict annual targets on customer connections in Monrovia.
The EMP details expenditures and capital additions to transmission, distribution and
generation in order to meet the Management Contract targets, shows what connection
targets can be met and considers the risks of slippage in committed generation
components.
Two planning horizons are considered: the 5 years of the Management Contract, which
are covered in detail and a less detailed 20 year load forecast and investment outlook.
The uncertainties in the latter are very high, among others because there is a lack of
detailed feasibility and cost assessment of the longer term generation options.
The Management Contract objectives are focused on improving access to electricity,
primarily for low income households, and on creating a financially and technically
sustainable municipal electric utility. Planning for the electrification of Monrovia had to
consider these objectives.
Several constraints had an impact on the preparation the EMP. The most important ones
were:
� Limited amount of investment funds
� Availability of generation facilities
� Service area limited to greater Monrovia; no consideration of other
communities or rural areas
� Access to electricity for low income households
� Radial build-out of transmission and distribution capacities. The sequence of
service extension is influenced by the location and capacity of existing
infrastructure as well as by the location of priority customer classes
� Lack of skilled LEC staff.
The following sections deal with the load forecast, the considered supplied options and
the studied capacity expansion scenarios.