October 25, 2016
Millennium Challenge Corporation CEO Visits Monrovia, MCC’s Investment in Mount Coffee Rehabilitation
MONROVIA— Chief Executive Officer of the U.S. Government’s Millennium Challenge Corporation, Dana J. Hyde, visited Liberia over the last two days, as part of the MCC Powering Africa trip. CEO Hyde is visiting partner countries where MCC is making investments in energy to empower people and energize communities. During the visit, CEO Hyde toured the Mount Coffee Hydropower plant, and visited Monrovia Breweries and the Freeport of Monrovia. Along with U.S. Ambassador to Liberia Christine Elder, CEO Hyde met with Liberian President Ellen Johnson Sirleaf.
“The United States is proud of its partnership with the people of Liberia to tackle the issues constraining growth in the aftermath of Ebola,” said CEO Hyde. “I am pleased to see the work being carried out at the Mt. Coffee hydropower plant, which will triple the amount of electricity the utility is able to produce. Mount Coffee will produce clean, affordable, and reliable power for people, communities and businesses.”
MCC’s $257 million Liberia Compact, launched early this year, focuses on addressing the lack of access to reliable and affordable electricity and inadequate road infrastructure. MCC is investing in the rehabilitation of the Mount Coffee Hydropower Plant, along with the Government of Liberia, the European Investment Bank, KfW Development Bank, and the Government of Norway. The Mount Coffee plant is on track to deliver power from the first turbine by the end of the year.
MCC is also supporting Liberia’s Ministry of Public Works by investing in a nationwide road maintenance framework. A strong road system will help reduce the cost of doing business, boost local trade, and create stronger economic ties throughout the region.
On the MCC Powering
Africa Trip, CEO Hyde has visited Benin, Sierra Leone, and Liberia. The next country CEO Hyde will visit is Ghana.