Home Politics Paye Vows Full Review of LEC Contract, Others …Assures Several Reform Measures For Liberians To Benefit From Diamonds, Other Resources

Paye Vows Full Review of LEC Contract, Others …Assures Several Reform Measures For Liberians To Benefit From Diamonds, Other Resources

by newsmanager

MONROVIA: Minister of Mines and Energy-Designate, Wilmot Paye, has disclosed that his administration will address the issue of government officials getting involved in mining operations and other related activities.

He made the pronouncement this week at his confirmation hearing held at the Capitol Building in Monrovia.

Addressing the Senate Committee on Lands, Mines and Energy, Mr. Paye emphasized that a government official working with the Ministry of Mines and Energy should not be a referee and at the same time, a player by operating his or her own diamond creek.

He indicated that it is wrong for officials of the Mines and Energy Ministry to have his or her own mining sites.

He added that if confirmed, his administration He vowed, if confirmed, to ensure that the act is thoroughly addressed.

According to him, it is even wrong to be a referee and at the same time a player and that is one of the major issues his administration will tackle.

According to the Presidential nominee, who is also former Chairman of the ruling Unity Party (UP), his administration will establish mineral and energy sector working groups to speed up with small-scale mining sector in the country as well as the reviewing of the energy regulatory framework to increase domestic power generation capacities.

On the issue of the Liberia Electricity Corporation (LEC), Mr. Paye revealed that they will ensure that the existing contracts between the LEC and private distributors are reviewed thoroughly.

He also stated that the Ministry will engage the Minister of Finance and Development Planning and Ministry of Justice to review the CLSG/C-Energies arrears.

‘’We will enhance internal capacity to upgrade and store geological, seismic data and explore the use of technology to improve regulations,’’ he noted.

“We should also intensify efforts made in Renewable Energy, mainly solar, which has a potential. If confirmed, we will assess the status of initial efforts,’’ Mr. Paye asserted.

Meanwhile, he stressed that over the years operators in the mineral sector have reaped billions of dollars from diamond and gold exports.

‘’In fact a single gold mining operation in one part of Liberia reportedly generates at least US$13M weekly or USS676MN per annum. This is equal to the country’s annual budget about 20% of its GDP,’’ while Liberians remain victims of “man-made poverty.”

He said, among other things that if proper policy measures were put into place, the revenue from metallic mineral alone could have financed the country’s annual budget over the last six years.
Contributed by: Linda Gbartie

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