Pledges for the agreed funding gap required to complete the Bumbuna Hydroelectric Project in the sum of 30 Million Euro have been made by donor countries and financial institutions.
The pledges were made this week during a meeting on the funding gap for the Bumbuna Hydroelectric Project with President Ernest Bai Koroma at State House.
Among the donors were the Italian government that will provide 12 million Euros; Department for International Development (DFID) 7 million Euros and the Africa Development Bank (ADB) 6 million Euros. The government of Sierra Leone will contribute 5 million Euros, a total of 30 million Euros
In his opening remarks, President Ernest Bai Koroma informed the meeting that he had just returned from a visit to the Bumbuna Hydroelectric Project site where he was properly briefed by the contractor, Salini Costruttori on the work being done.
The president confirmed that from information given to him and from what he saw, 90 percent of the work had already been completed on the dam site. Funding, he said, was also available for the rehabilitation of the transmission line.
President Koroma therefore asked all present to join him in finding the way forward to completing the long standing Bumbuna Hydroelectric Project.
Present at the Funding Gap State House meeting were Vice President Samuel Sam Sumana, Alhaji Alpha Kanu, Minister of Presidential Affairs, Haja Hafsatu Kabba, Minister of Energy and Power, Alhaji Ibrahim Ben Kargbo, Minister of Information and Communications, and Mr Johannes Wellington, Acting Financial Secretary.
Others were the Italian delegation leader M.F. Zazo, M. Bonavia, Regional Director for West Africa, A. Rollo, Resident Representative, and Italian Cooperation.
The Africa Development Bank was represented by Ms Margaret Kilo the Resident Representative of the Bank, whilst DFID was represented by Dr Richard Hogg – head of DFID Sierra Leone.
The contractor Salini Costruttori was represented by C. F. Capitano. Also in attendance were the permanent secretary at the Ministry of Energy and Power Francis Bockarie and the Project Director of the Bumbuna Hydroelectric Project, Dr Abdul R. Jalloh.