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TRANSCO Commits To Supporting Boakai Administration

by newsmanager

MONROVIA: Liberia is on the verge of benefitting from increased electricity distribution from TRANSCO CLSG, with headquarters in neighboring Côte d’Ivoire.
The Energy giant’s Managing Director Mohammed M. Sherif recently disclosed that TRANSCO CLSG is committed to illuminating electricity path to sustainability and prosperity for Liberia’s power sector growth under the administration of President Joseph Nyuma Boakai and the ruling Unity Party (UP). Mohammed M. Sherif (a Liberian), and an Economist currently serving as the first Managing Director of TRANSCO CLSG.
This followed touring of TRANSCO CLSG facilities by President Joseph Nyuma Boakai, during a recent state visit to neighboring Côte d’Ivoire.

He described the President’s visit as a landmark achievement for Liberians, spotlighting collective journey from a visionary concept to the electrifying reality of the nation.
Sherif: “A landmark day unfolded at TRANSCO CLSG Headquarters with the distinguished visit from the President of Liberia, spotlighting our collective journey from a visionary concept to the electrifying reality of our completed project.
“These snapshots are not just of a courtesy visit but a testament to our shared dream now powering homes and hearts.
“Together, we’re illuminating a path to sustainability and prosperity”.
Before ascending to this position in September 2014, Mr. Sherif served as Chief Economist of Liberia’s Ministry of Finance from 2012 – June 2014; and also served as the Senior Economist at the Ministry of Finance from 2008-2012.

An official statement from TRANSCO CLSG also stated that President Joseph Nyuma Boakai is pleased with development in the CLSG project implementation and has echoed his strong support to ensure TRANSCO CLSG is viable.
The statement added that the Liberian Leader re-echoed his stance on making sure the people of Liberia have improved access to reliable and affordable electricity across the country.

President Boakai during the tour of the TRANSCO CLSG headquarters, met with the General Manager, Mohammed M. Sherif, and the senior management team of the multi-donor-funded company in Cocody, Abidjan on Friday, March 8, 2024.
The President elucidated the importance of unimpeded electricity to Liberia’s growth.
CLSG remains key in easing the energy demand in Liberia, once the Liberian government settles arrears owed Cote d’Ivoire, which was incurred by the former CDC led regime.
The Government of Liberia owes CLSG $16 million dollars. The Liberia Electricity Corporation has only paid $7 million dollars.
Cote d’Ivoire has some supply constraints but if the Liberian Government can settle the debt, CI will increase Liberia’s allocation on the transmission line to give the Liberia Electricity Corporation the ability to deliver adequate electricity to the public.

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