Sierra Leone Woos Miners to Clean Energy With $11 Billion Plan

  • African nation aims to boost capacity to 4.5 gigawatts by 2050
  • Mining is a mainstay of the economy rich in iron ore, diamonds
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Sierra Leone wants mining companies to connect to the grid and help reassure renewable-energy investors there’s enough demand in the West African nation to justify an ambitious $10.9 billion power plan.

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country. Sierra Leone would require them to switch over to the grid by 2040, according to an energy-transition roadmapBloomberg Terminal launched earlier this month.