United States Ambassador to Liberia Michael McCarthy has been alarmed over what he calls huge commercial losses to the Liberia Electricity Corporation due to power theft.
Ambassador McCarthy said over fifty percent of the LEC bill has been unpaid, as a result of power theft, the situation he said is threatening the financial viability of the Corporation.
Ambassador Michael McCarthy made the statement Thursday when he toured facilities of the Liberia Electricity Corporation to better understand how U.S. assistance and challenges facing the power sector in the country can be addressed.
Earlier this year, the U.S. Embassy and Liberian Government officials celebrated the end of the Millennium Challenge Corporation Compact, which was primarily focused on rehabilitation of the Mt. Coffee Hydropower Plant, the largest source of power in the country.
Following the visit to the LEC facilities, Ambassador McCarthy however expressed his delight over the condition of the LEC operational readiness and its facilities.
He emphasized that without revenue generation, the LEC cannot solve technical faults, like transmission and distribution, adding that electricity is expensive in the world.