The National Investment Commission, Liberia’s prestigious institution is emerging as a promising destination for major U.S. investment.
Tarpeh Global Initiative (TGI), a Liberian-owned and U.S.-registered company, has announced a landmark proposal to develop a 250MW hybrid natural gas and hydrogen power plant in Liberia.
The project is valued at US $500 million
Accordingly, the proposed facility aims to close Liberia’s national energy deficit and deliver reliable electricity, supporting industries, job creation, and long-term economic growth.
During presentations Tarpeh Global Initiative Chairman & CEO James T. Tarpeh, outlined the full scope of the consortium’s plans and highlighted America’s increasing confidence in Liberia’s improving investment environment.
Speaking during a high-level meeting held at the NIC conference room in Sinkor recently, CEO Tarpeh said key U.S. Partners in the Consortium include the Southern Company which is designated to construct, operate, and manage the power facility as well as Nebula Energy for securing LNG supply and establishing the required terminal infrastructure.
In remarks, the Executive Director of National Investment Commission Melvin Sheriff, lauded the partnership and termed it as a dream comes through.
He reaffirmed the government full support toward the project and assured the investors of strong institutional backing and full protection under Liberia’s investment laws.
