Who owns Axion Energy?

Axion Energy is wholly owned by Bridas Corporation. BP is a leading global energy company with operations in over 70 countries, employing almost 75,000 people. BP has almost 18 billion boe of proved oil and gas reserves and its daily oil and gas production totals 3.5 million boe.

How does Liberia attract private investment?

The government has introduced policies to attract private investment in the energy sector and promote renewable energy development [3, 4]. In 2015, the government launched the Liberia Electricity Regulatory Commission (LEC) to provide oversight of the electricity sector and attract private investment .

How can Liberia expand energy access?

These resources hold immense potential, with Liberia boasting abundant solar irradiation and promising bioenergy in specific regions. Efforts to expand energy access also hinge on vital factors such as international partnerships, public-private collaborations, and innovative off-grid and mini-grid solutions.

How does Liberia import electricity?

3.2. Imported electricity Liberia imports electricity from neighboring Côte d’Ivoire and Guinea through the West African Power Pool (WAPP) interconnection , which involved 650 km of 225 kV transmission lines , with a transit capacity of ≤290 MW – making it the largest source of imported electricity for the country in 2020.

How can Liberia reduce its dependency on imported fuels?

To overcome these challenges, Liberia has been exploring alternative solutions to reduce its dependency on imported fuels for thermal power generation. One strategy is to diversify the energy mix by increasing the share of domestic renewable energy sources, such as solar and wind power, for electricity generation.

What is Liberia's energy mix?

Liberia's energy mix has historically depended heavily on biomass, particularly firewood and charcoal, used for cooking and heating . This reliance on biomass has significant environmental and health impacts.