The Office of the Special Envoy for U.S. Trade & Investment welcomes the signing of a term sheet between the Liberia Electricity Corporation (LEC) and Tarpeh Global Initiative (TGI) for the development of a 300-megawatt combined-cycle gas power project in Buchanan, Liberia. Reported as an approximately US$500 million energy infrastructure initiative, the project represents a major milestone in Liberia’s long-term strategy to strengthen energy security, improve grid reliability, and support sustained economic growth.
The term sheet was signed in Washington, D.C. on March 27, 2026, marking an important step in moving the Buchanan project from structured engagement toward the next phase of technical, financial, environmental, and commercial development. Public reporting indicates that the project is expected to proceed toward negotiation of a long-term Power Purchase Agreement (PPA), with commercial operation targeted for 2028.
The reported signing process was led by LEC under the leadership of Managing Director Mohammed M. Sherif, in coordination with key Government of Liberia stakeholders, including the Office of the President, Office of the Vice President, Ministry of Foreign Affairs, Ministry of Finance and Development Planning, and the National Investment Commission. Public reporting also referenced the participation and support of Jeff Blibo, Chairman of the National Investment Commission; Bedell Sandi, Special Presidential Envoy for Strategic Engagement; and Hon. Isaac Taggart, Special Envoy on Trade and Investment to the United States at the Ministry of Foreign Affairs.
On the private-sector side, the project is being advanced by Tarpeh Global Initiative (TGI), described publicly as a U.S.-based energy and infrastructure development firm led by James T. Tarpeh II. Reporting further notes that TGI has assembled a consortium that includes Nebula Energy and Southern Company, with Southern Company serving as Technical Advisor to the project.
The Buchanan initiative reflects the type of strategic, execution-oriented partnership that Liberia is seeking to attract: one that combines credible developers, technical capability, institutional coordination, and long-term national value. The project is expected not only to expand Liberia’s generation capacity, but also to support job creation, local workforce development, technical skills transfer, and broader industrial and commercial growth. Public reporting states that the project is expected to generate hundreds of jobs during construction and create long-term employment opportunities tied to plant operations and support services.
Hon. Isaac Taggart, Jr., Special Envoy for U.S. Trade & Investment for the Republic of Liberia, emphasized the importance of disciplined international engagement in bringing strategic opportunities to the table:
“Liberia’s future growth depends in part on our ability to identify, engage, and help align credible partners around infrastructure that is both bankable and transformative. The Buchanan gas project reflects the type of long-term, high-impact opportunity that can strengthen Liberia’s economic foundation while signaling serious international confidence in the country’s direction.”
The Office of the Special Envoy views the term sheet signing as an important milestone, but also as part of a larger continuum of work required to move major infrastructure projects from concept to execution. Liberia’s long-term investment agenda depends on sustained alignment between government institutions, strategic partners, technical experts, and capital providers.
As Liberia continues to position itself as a destination for serious trade and investment, the Buchanan gas project stands as a strong example of what can be achieved through disciplined engagement, coordinated leadership, and a focus on national development priorities.