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

Green jobs the key to a sustainable economy

The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday. more »

Gas supply crises: better protection for householders

Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday. more »

Estonia joins the euro-family

Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency. more »

Deposit guarantee schemes – part 2

Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies. more »

Greener, more competitive farming after 2013

How should the EU's farm policy be reshaped and how should it be funded after 2013? more »

European Parliament ushers in a new era for bankers' bonuses

MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses. more »

The European Parliament's position on financial supervision

Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets. more »

Magnetic Europe: Big plans for tourism industry

New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy. more »

Commission gives details of who received EU funds in 2009

The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid. more »

€ 30 million EU support for the promotion of agricultural products

The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union. more »