The Liberia Electricity Corporation (LEC) aims to raise installed generation capacity to about 472 megawatts by 2029 from 146MW today, relying on private investors and public-private partnerships, Managing Director Mohammed Sherif said at the LIMEC 2026 mining and energy conference on October 28, the Liberian Observer reported. The presentation also cited current capacity of about 148MW, and Sherif gave no costs or amount of private financing sought.
Analysis: Reaching the target would require adding about 109 MW each year, roughly ten times the average expansion recorded between 2014 and 2024 in World Bank figures cited by the Observer, by our calculation. Installed capacity also exceeds electricity actually generated: LEC's average output was approximately 78 MW in the second quarter. The utility has not published project budgets, financing arrangements, tender dates or the underlying presentation, making delivery prospects difficult to judge. Developers and industrial users therefore lack the details needed to plan investments around the proposed increase. Third-quarter generation figures are expected around mid-December.
Source: Liberian Observer (Monrovia), Liberian Observer, 'LEC Turns to Private Investors to Address Chronic Power Crisis', by David A. Yates, October 30, 2026 (LEC Managing Director Mohammed Sherif at LIMEC 2026, October 28), 2029 (target) and October 2026 and 2014 and 2024; Central Bank of Liberia, Research, Policy and Planning Department, CBL Financial and Economic Bulletin, Vol. 27 No. 2, April-June 2026 (second quarter 2026), Q2 2026