Africa’s richest man, billionaire Alhaji Aliko Dangote, paid a courtesy call, Thursday, on President Ellen Johnson Sirleaf at her Foreign Ministry Office, where he briefed her on the progress of his investment in Liberia.
According to an Executive Mansion release, the two discussed ongoing arrangements for a cement plant which the billionaire’s company, Dangote Cement Liberia Ltd., intends to commence building in Liberia shortly, as well as plans for a coal-based power plant that would greatly reduce the cost of, and access to, electricity in the country.
Mr. Dangote, a Nigerian, is ranked by Forbes Magazine as the 43rd richest person in the world, and the richest man in Africa.
Concerning the cement processing plant, Mr. Dangote informed the President that seven acres of land have been identified at the Freeport of Monrovia for its construction and a jetty. After a three-year delay, it was time to move ahead with the project, he said. He assured the President that the limestone needed for the cement – which Liberia does not produce – would be brought in, and crushed and ground for the manufacture of cement locally.
As for electricity, Mr. Dangote said that his proposed coal-burning power plant would produce some 20 megawatts of power, but his operations would require only 1.2 megawatts. The excess could be sold to the government at no more than12 cents per kilowatt hour. “Tell us what you need, and we will produce it,” he said of the power-generation capacity of the plant, which he said could be operational in 15 months. Approximately 30 acres of land are needed for such a facility, which includes huge boilers and cooling plants, along with access to a source of sweet water – where the water table is high.
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