The waves of Private Sector In-vestment in Agricultural which took root in 2008 has finally started paying off as Green Energy pioneering company in the country Addax makes a land mark announcement. On the 14th May 2014. Addax Bioenergy heartily announced that its facility in Makeni, has started producing sugarcane bio-ethanol and renewable electricity and that it will produce 85,000 m3 of bioethanol per year by end 2016.

News monitored by the AgriNews team indicates that the pilot project will involve the development of a Greenfield averaging 10,000 hectare of sugarcane plantation. The construction of a bioethanol refinery and a bio-mass-fuelled co-generation plant to produce green power and con-tribute about 20% of Sierra Leone’s national electricity requirements is also said to part new development.

The project reports say, is the only bioethanol project on record to use its host country to do it finish product tin Africa. The company does so through the government agricultural value addition policy engineered by the Ministry of Agriculture, Forestry and Food Security.

Speaking on the event President Ernest Bai Koroma declared “this is a great achievement for the people of Sierra Leone”, adding “My Agenda for Prosperity identifies agriculture as the engine for socioeconomic growth and development with a focus on the commercialization of the agricultural value chain and promotion of private sector participation”.

The President further reiterated that “the Addax Bioenergy initiative is the largest private sector investment in Sierra Leone’s agricultural sector to date and provides a great example of successful investment in our country.

We will be using it as a model on how to integrate local communities to further enhance their skills in a range of trades and professions. We are also proud to participate in global efforts to reduce greenhouse gas emissions by replacing fossil fuel-intensive electricity production,” Sierra Leone’s President added.

Addax Bioenergy is certified under the Roundtable on Sustainable Biomaterials (RSB) and complies with the most stringent global sustainability standards, including the World Bank’s IFC Performance Standards, Africa Development Bank’s Environmental and Social Safeguards Policies and the EU Renewable Energy Directive.

“This is a proud moment for Addax Bioenergy and the people of Bombali and Tonkolili Districts, who have been closely involved in the project from the start,” declared Addax Bioenergy CEO, Simon Cleasby.

The project has already brought significant local improvements, including food security through our farmer development programme and increased school attendance, health and new-home building thanks to family incomes.