India,Liberia ink deal on energy

India,Liberia ink deal on energy

Liberian President Sirleaf to be conferred Indira Gandhi Peace Prize today

India and Liberia Wednesday decided to enhance cooperation in energy with New Delhi extending US$144 million Line of Credit to the African country to fund a power transmission and distribution project besides signing an MoU on oil and gas.

The agreements were signed after a meeting between Prime Minister Manmohan Singh and visiting Liberian President Ellen Johnson Sirleaf,the first African woman President and Nobel Peace Prize winner,who is on a five-day visit to India.

After the bilateral talks,Singh said,“We have decided to enhance our cooperation in a number of areas,including agricultural research,health,small and medium enterprises,science and technology,education and skill development.”

“I requested President Sirleaf to facilitate Indian investment in agriculture,infrastructure,hydrocarbon,mining and manufacturing in line with Liberia’s national development goals and policies,” the Prime Minister said.


Apart from Line of Credit and energy pacts,the two countries also signed agreement to set up a joint commission and an MoU between their foreign services institutes.

Singh also said the two countries have agreed to work together for the promotion of international peace and stability,particularly in the African continent,and to make common cause to ensure that global governance is just and meets the aspirations of the developing world.

There was also an exchange of views on regional and global issues,including the urgent need for reform of the United Nations Security Council,Singh said,adding that India deeply appreciates Liberia’s support for its candidature as a permanent member of a reformed and expanded Security Council.

“We are honoured that she has accepted the Indira Gandhi Prize for Peace,Disarmament and Development for 2012,which will be conferred on her tomorrow by the President,” Singh said while noting that Sirleaf’s vision and leadership has contributed to Liberia’s political transformation and peace and stability in the region.

On her part,Sirleaf appreciated the support and assistance of the government and people of India rendered to Liberia’s development process over the past years. She also took a special note of India’s active participation in the United Nations-sponsored peace mission in Liberia and appreciated the role New Delhi continues to play in promoting peace and security in the continent.