By mohamedj.bah@awokonewspaper.sl
Freetown, SIERRA LEONE – In a proactive move to alleviate the ongoing energy crisis in Freetown, the Ministry of Finance, in conjunction with the Ministry of Energy and the Electricity Distribution and Supply Authority (EDSA), embarked on negotiations with Karpowership management.
On April 25, 2024, a pivotal agreement was reached, resulting in the disbursement of a substantial sum of US$ 17 million to Karpowership to settle outstanding obligations. This infusion of capital is poised to significantly bolster the energy infrastructure of the region.
Additionally, in a strategic effort to ensure a seamless power supply, the government has allocated an extra US$ 1.5 million to TRANSCO-CLSG, strengthening relations with Côte D’Ivoire.
A spokesperson from the Ministry of Finance highlighted ongoing discussions with independent Power Producers (IPPs) to reassess current contracts, with the aim of fostering a sustainable and reliable energy provision system.
Furthermore, the Ministry of Finance has pledged to escalate collaborative efforts with the Ministry of Energy and EDSA to implement reforms aimed at fortifying the financial stability of the Energy Sector.
This concerted effort underscores the government’s commitment to mitigating the energy crisis and fostering a resilient energy infrastructure for the people of Freetown. As we went to press a government notice indicated that President Bio will now head the Energy Ministry and he will be assisted by two deputy ministers, Eldred Tunde Taylor (1) and Edward Nonie (2). This confirmed earlier speculations that the erstwhile Minister kanja Sesay had resigned. MJB/27/4/2024