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first_imgThe Board Chairman of the Liberia Electricity Corporation (LEC), Ian Yhap, has disclosed that the turbine at Mt. Coffee Hydropower Plant, which has the capacity of 22 megawatts, will finally come on line on Thursday, December 15.Announcing the development yesterday at the Information Ministry’s regular Thursday press briefing on Capitol Hill in Monrovia, Yhap said testing of the first generating unit of the Mount Coffee Hydropower Plant in Harrisburg is ongoing in Caldwell to ensure that the inauguration of the 22-megawatt turbine on December 15 is successful. According to him, engineers from Mount Coffee Hydropower Plant and LEC are working now to have electricity on Bushrod Island from the hydro.When distribution on Bushrod Island is completed, he said, “We will now start to distribute power to other parts of Monrovia. As we speak today, serious work is ongoing and things remain in control.” Chairman Yhap said the second turbine, also with a capacity of 22 megawatts, will come on by February 15, 2017, with the remaining two turbines coming on after four months. “We want to thank the government and partners for the support. We want to also thank all the engineers for working tirelessly to ensure that we have power as scheduled,” Chairman Yhap said.Meanwhile, he said the board of LEC has appointed a new management team that is energetic, hardworking and motivated to steer the affairs of the corporation from January 2017.“We need to develop the capacity, because Liberians have not been managing such a system for many years. We have also called on our international partners to help in building our capacity. We have some new things now in LEC and everyone is going through the learning process,” he said. The first phase of the reservoir impoundment (filling the reservoir with water) of the Dam Project was successfully completed on October 19 this year. On October 15, the spillway gates were gradually closed in order to increase the water level in the reservoir, he said.Currently, the water level has increased to 28.5 meters above sea level, which is just 0.5 meters below the maximum operating level. During the testing exercise, he said customers may experience brief and periodic interruptions in power supply. The testing will continue up to December 15, when the first operations of the hydropower plant are officially inaugurated by President Ellen Johnson Sirleaf.Meanwhile, the LEC management has issued an apology for any inconvenience as a result of this exercise and has asked for the support of the Liberian people leading up to this very important milestone for the nation. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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first_imgEXCLUSIVE: A CON ARTIST who tricked dozens of Donegal investors out of their cash has referred to them as ‘turkeys’ and boasted: “They’ll never see a cent.”The brazen foreign national crook has bagged millions of euro in a get-rich-quick scam which is being investigated by the Garda Bureau of Fraud Investigation.Detectives have already raided rented premises in a number of towns in Donegal as part of extensive international investigations into the swindler. Donegaldaily.com has been talking to a number of sources about how the fraudster operated his scam.He told cash investors they could get returns of up to 40% in a matter of months – and that he bought liquidated stock and companies and re-sold them at huge profit.The fact is that he just kept the cash. And now he is telling investors that if they want their money back, they should sue him.And he is also boasting: “They should have read the small print – the investment can go down as well as up.” But it is his brass-necked boasts – details of which have been passed to us – which will infuriate up to 90 out-of-pocket investors right across the county this morning.We are told that when he was asked if people would get their money back, he said: “There are no guarantees in this life. If they (the investors) think they can have their money back, then they are a bunch of turkeys.”One source told us: “He is wrapping himself up in legals. He is basically saying the investments didn’t work and that’s the end of it. If people want to sue him, they can go ahead. He doesn’t care.”Detectives however believe the balding roly-poly swindler has tried to pull off the ‘perfect crime’ – persuading people with hidden cash to invest and hoping they won’t report it to the authorities for fear of being investigated by the Revenue Commissioners.One investor who has lost a huge six figure sum told us last night: “My money was legitimate and all declared. In fact I took it out of the bank to give to that fat bastard. “If he thinks he can come here and pull the wool over my eyes, he had better think again. I can’t begin to tell you how angry people are.”We have been told that four cars loaded with investors has been looking for both the swindler and his sales people in recent days.The crook ran a so-called Ponzi scheme, similar to the one run in the USA by conman Bernard Madoff. He is serving 150 years behind bars for conning investors out of billions of dollars.The Donegal con is believed to have involved up to €10M. The crook is currently winding up all his business concerns both here and in Belfast.More to follow later….EXCLUSIVE: SHOCK CHRISTMAS MESSAGE FROM INVESTMENT SWINDLER – YOU’RE A BUNCH OF TURKEYS! was last modified: December 20th, 2010 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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