Her Excellency, Madam President, asked 4G to address a portion of the immediate need for an independent power solution by the end of 2009 for Liberia and to help create a long-term comprehensive power solution using alternative energy.
Dallas, TX, May 3, 2009 -- 4G Group, Chris Griffin, CEO of 4G Companies, and Brian Guinn, President of 4G Companies, met with Africa's "Iron Lady," President Ellen Johnson-Sirleaf about Liberia's current energy situation on Tuesday, April 14, 2009, in Downtown Dallas, Texas.
Currently the majority of people who live in the capital of Monrovia and around the country are without electricity.
Her Excellency, Madam President, asked 4G to address a portion of the immediate need for an independent power solution by the end of 2009 and to help create a long-term comprehensive power solution using alternative energy.
4G Global Alternatives, LLC (4GGA) specializes in infrastructure and power solutions that are both sustainable and renewable. Mr. Hani Farid, President of 4GGA, has spent many years in the Gulf Coast Countries (GCC) and the Middle East/North Africa region (MENA) developing relationships with Sovereign Funds, Family Offices and various other strategic business partners interested in infrastructure development.
"There has been a renewed interest in the country of Liberia since Madam President's election," Farid says. "There is a feeling that she has turned that country around and that Liberia has a bright future."
With the help of its technology partners--BTU Solutions, Inc. out of Houston, Texas, SWAN Biomass out of Chicago, Illinois, and several groups of investors out of the United Arab Emirates (UAE)--4G will be building a 22.5 MW power plant for Liberia by 2010.
In the next 60 days, 4G will be sponsoring a trip for one of its closest partners from the UAE to Liberia and a future trip for President Sirleaf to visit with the government in Abu Dhabi. They will discuss energy solutions and foreign direct investment for Liberia as well as expand the political relationship between the two countries.
"Liberia is a remarkable country with vast natural resources and President Sirleaf has been a very dynamic proponent of growth for her country," says Mr. Griffin. "We are honored to be part of the process, which has already begun, and enthusiastic about helping in every way that we are capable. Madam President Sirleaf is an inspiration to all for her perseverance and dedication to her country."
:: About President Sirleaf
Ellen Johnson-Sirleaf was declared the winner of the Liberian election and confirmed as the country's president on November 23, 2005. She is Liberia's first elected female president as well as the first elected female leader in Africa. After earning a master's degree in public administration from Harvard, she returned to Liberia to work in public service. In her memoir This Child Will be Great: Memoir of a Remarkable Life by Africa's First Woman President, President Sirleaf lists some of the problems her new government faces--a wrecked infrastructure; scarcely any electricity or water; schools without books, equipment and teachers; hospitals with no doctors, nurses or supplies; and half of Liberian citizens struggling to exist on $0.50 a day. Now, three years into her presidency, Monrovia, the capital of Liberia, has streetlights in the center--a first symbolic promise fulfilled.
:: About 4G Group
4G is a Dallas-based Merchant Banking business with a known expertise in environmental sciences using sun, wind, water and waste as energy sources. They specialize in private equity/venture capital investments in energy as well as financial services such as mortgages, insurance and foreign exchange. 4G has been reinventing finance since its inception in 2006.
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Energy & Environment