MONROVIA, LIBERIA-President Joseph Boakai is among other African Heads of State attending the African Energy Summit in Tanzania.

The Summit focuses on the ambitious Mission 300 initiative, which aims at providing access to electricity to three hundred million people across Africa by 20230.

An Executive Mansion release issued recently said President Boakai and a host of African Leaders, ministers, and other dignitaries from the Private Sector are holding deliberations and advancing recommendations on strengthening energy reforms in Africa.

The release noted that the ongoing discussions are aimed at charting a common path to achieving universal access to affordable, reliable, sustainable, and modern energy.

According to the release, President Boakai’s participation underscores Liberia’s commitment to achieving energy access for all citizens.

At the same time, Liberia has officially submitted its “National Energy Compact” for financing consideration by the African Development Bank, the World Bank, and other global financing partners at the ongoing Africa Energy Summit.

The proposal was presented on Monday, January 27, 2025, by the Liberian delegation, which includes Finance Minister Augustine Ngafuan, Mines and Energy Minister Wilmot Paye, and the Liberia Electricity Corporation Acting Managing Director, Thomas Gonkerwon, among others.

In an interview with the State Radio from Dar es Salaam, Minister Ngafuan highlighted the World Bank Group’s partnership with the African Development Bank on Mission 300.

The Mission, Minister Ngafuan noted, seeks to accelerate electrification, promote cleaner energy sources, and foster economic growth, job creation, and sector reform across the region.

Minister Ngafuan explained that Liberia’s compact proposal outlines plans to enhance energy infrastructure, increase renewable energy, and improve access to electricity.

Key initiatives include increasing the share of renewable energy, expanding transmission and distribution networks, and increasing the utilization of the CLSG regional electricity network.

Minister Ngafuan said:” The proposal also focuses on mobilizing private capital for Distributed Renewable Energy (DRE) solutions and clean cooking, improving Private Sector participation, and enhancing the financing sustainability of utilities.”

By: Vasta Tarlue/Frederick Teegwiah, Jr.