Washington, Oct. 16 -- The Liberian Government, through the Liberia Electricity Corporation (LEC), has signed a landmark agreement with renewable energy leader Scatec for the construction of a 23.75 megawatt-peak (MWp) solar power plant. The project, which includes 10 megawatt-hours (MWh) of battery storage, will be located at the LEC Shefflin site in Margibi County and is slated for completion within 64 weeks.

The agreement was formalized on Wednesday, October 14, 2025, at the headquarters of the International Finance Corporation (IFC), the World Bank's private sector arm, on the sidelines of the World Bank and IMF annual meetings. The signing ceremony was attended by key stakeholders from the IFC, the Government of Liberia, and Scatec....