ENERGY MINISTRY DETERMINED TO IMPROVE
By Ahmed Fonike.
Thursday 11th August 2016 marked another milestone to the Energy sector when the government of Sierra Leone and the
Exim bank of India signed a 78 million us dollars loan agreement at the Ministry of Finance and Economic Development
Conference hall for the construction of transmission lines from Bumbuna to Freetown through many routes with sub stations.
In his short but very cogent statement, the Minister of Energy - Amb. Henry Macauley said among other things that this loan
agreement between the government of Sierra Leone and the Exim Bank of India has been a whopping 30 percent of the Energy
projects. He thanked Exim Bank and related the signing as wonderful bilateral relations between the two states ending that the
Ministry will utilize the loan for its intended purpose.
Before signing and exchanging documents with the Exim Bank representative, the Minister of Finance and Economic Development
- Momodu Kargbo was quick to state that the loan will urgent the long awaited West African Power Pool (WAPP) which will
connect to the sub stations across the regions in the country. He added that the project will be at higher level by 2018 adding that
Sierra Leone has had a pleasant bilateral relation with India for a long time and this has been manifested in this loan as the highest
bilateral loan. He ended that the loan will be utilized properly
The Minister of Foreign affairs and international Cooperation - Dr. Samura Kamara as a key stakeholder also delivered a
statement in commending all stakeholders who made the loan process to be in just a short time. He also thanked the Ministry of
Energy for its leadership provided in accelerating the loan.
The representative of Exim Bank in Sierra Leone - Mr. Poshpen Tyagi in his statement said Exim bank encourages viable export
market around the world for which he feels Sierra Leone should be part of. He continued that the loan is serving as a reborn of
the bilateral relations between the two countries. He said he is impressed to know that about 60 Indian companies are existing in
Sierra Leone adding that as his second home, India and Sierra Leone will gradually tap from each otherís technology and
The occasion was chaired by the Development Secretary in the Ministry of Finance - Mr. John Sumailah