July 22, 2013
After years of war, eleven to be exact drives the need to invest in infrastructural development driving an energy secure future. The cost to infrastructure will take on heavy debt and require creative methods to secure long-term funds for solutions on today’s capital. The complexity of securing capital for nations is global challenge. The focus of “Sierra Leone seeks $3.5bn investment to overhaul power sector” will be to support is expanding population of 5.6 million.
Business Recorder reports “Sierra Leone is seeking $3.5 billion of investment to produce a minimum 1,000 megawatts from the private sector to overhaul its creaking electricity industry with the aim of increasing output 10-fold by 2017, Deputy Energy Minister Martin Bash-Kamara told Reuters.”
Sierra Leone, struggling at just 100 megawatts for its 5.6 million people. As many nations and countries the infrastructure is weak and on decline. The focus on climate, environment and long-term postponement on infrastructural development has generated a heavy price tag on innovation in energy and assets. The methods of many cities and nations is to acquire and then secure private investment to gain the advantages sorely needed.
“The government has signed a memorandum with China’s Hydrochina to build two hydroelectric power plants at a total cost of more than $800 million. The plants at Bekongkor and Mange would produce a total of 260 megawatts. Mujimoto Sierra Leone, in partnership with state-owned China National Electric Engineering Company (CNEEC) and renewables company New Generation Energy, plans to develop solar-thermal facilities with a capacity of up to 500 megawatts, Kone said. Germany’s privately-owned BC Bangert is eying solar plants with an output of 100 megawatts. Jindal Steel and Power, India’s second biggest steelmaker, has signed a memorandum to build a 350 megawatt coal-powered plant in the northern Port Loko district. Jindal has been considering an iron ore investment in Sierra Leone.”
The cost to capital and leaseback situations will be fundamental tools for development. The long-term view is to determine the security of the payback and payoff. Nations will have no choice but to invest and to invest sharply while assessing need for sustainable capacity building for technology, water, energy, agriculture while advancing energy efficient facilities.
- JP Anderson to Raise $100 Mln PE Fund to Invest in Sierra Leone (pehub.com)
- Building gender equality into Sierra Leone’s potential (irishtimes.com)
- Sierra Leone Disputes Corruption Report (voanews.com)
- Letters: Women and sexual violence in Sierra Leone (guardian.co.uk)