Government Abandons $1.1 Billion Bumbuna Phase 2 Project Over Unsustainable Costs
Angella Hawa Fabai Doctor Kandeh Yumkella, the energy lead sector has disclosed that Sierra Leone’s Government has pulled out of the Bumbuna Phase 2 project due to it’s projected cost of $1.1 billion, a figure which is considered unsustainable considering current financial realities in Sierra Leone.
According to him, the latest feasibility study showed that the Bumbuna Phase 2 would cost about $1.1 billion in order to activate about 120 megawatts (MW) of electricity distribution.
He continued by saying that “the economics is wrong and that there are studies which I have checked with other financial institution like World Bank, African development Bank, Development Finance cooperation United State and other several banks and they all said the economics is totally wrong”.
💯Rogues connivance with past and even some present gov’t officials might be the reasons for the wrong economics…
Koudus to you for bringing that to halt and finds an alternative to the energy solutions💞🙏🇸🇱…