Haiti: WB Approves US$5 Million Grant for Electricity Services

Published: 9 September 2009 y., Wednesday

Pasaulio bankas
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti (EDH), the public electricity utility. 

The additional financing will support the objectives of the Electricity Loss Reduction Project, originally supported by a US$6 million World Bank grant approved in August 2006, which sought to lay the foundation for improving electricity services and enhancing revenue collection in urban centers.

“This project will contribute to providing better and more reliable electricity services to Haitian communities,” said Eustache Ouayoro, World Bank Country Manager for Haiti. “In addition, it will finance a program of technical assistance to support the sustainability of the improvements.”

The objective of the additional financing is threefold:

 Improve the management of the utility by providing a two-year program of technical assistance to EDH;

Finance cost overruns for the commercial, technical management and remote metering systems procured under the original project, and  

Help strengthen the capacity of the Ministry of Public Works to oversee the energy sector and cover additional project management costs.  

The Bank’s grant financing is an integral part of a multi-donor coordinated strategy of support to the energy sector.

This project was made possible by an International Development Association (IDA)-funded grant of US$5 million and a contribution of EDH in the amount of US$830,000.

 

 

Šaltinis: www.worldbank.org
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The Bank of Lithuania allowed AB Bank SNORAS to acquire AB bank “Finasta”

During the meeting, which took place on 3 September 2009 the Bank of Lithuania approved the transaction, according to which AB Bank SNORAS will acquire 100 percent of the shares of AB “Finasta įmonių finansai” owning AB bank “Finasta”. more »

Commission proposes fishing opportunities for the Baltic Sea for 2010

The European Commission tabled yesterday its proposal on fishing possibilities for fish stocks in the Baltic Sea for 2010. more »

European bank data transfers must comply with European standards, say MEPs

Members of the Civil Liberties Committee voiced concern on Thursday over the interim agreement under negotiation between the EU and the United States on data transfers via the SWIFT network. more »

EU invests in building independent consumer magazines and websites in Cyprus, Czech Republic, Hungary, Poland, Romania and Slovenia

Consumers in Cyprus, the Czech Republic, Hungary, Poland, Romania and Slovenia now have access to consumer magazines and websites, which provide independent, comparative testing of consumer products, following a three-year EU project co-financed by the European Commission. more »

“SNORAS Asset Management” will establish renewable energy sources fund

Funds management company “SNORAS Asset Management” will establish the first alternative investment fund in Lithuania - “SAM Renewable Energy Fund”. more »

European innovation policy – successes but also new challenges

The re-launched Lisbon Partnership for growth and jobs has put innovation and entrepreneurship at the centre and called for decisive and more coherent action by the Community and the Member States in view of mastering the shift towards knowledge based low carbon economy. more »

Milk prices: dairy farmers need help now and later, say Agriculture Committee MEPs

Helping dairy farmers now, as well as restructuring the dairy sector in the long run, is the way out of the current milk market crisis, Agriculture Committee MEPs told Agriculture Commissioner Mariann Fischer Boel in a debate on Tuesday. more »

Lights out for traditional bulbs

The EU is phasing out traditional light bulbs over the next three years in favour of a new generation of energy-efficient lighting. more »

Lithuania Raises VAT Rate

Lithuania increases the VAT rate from 19 % to 21 % from September 1, 2009. more »

Thailand Eyes Clean Technology Fund and a Low-Carbon Future

Two recent joint missions from three development finance institutions helped Thailand identify low carbon projects that could be eligible for Clean Technology Fund financing. more »