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United States : IDB makes US$14m grant to Haiti.

A US$14 million grant from the Inter-American Development Bank (IDB) will help Haiti speed up the recovery of electricity services in Port-au-Prince, which were severely damaged by the January 12 earthquake. The grant approved today by the IDB s board of executive directors will complement a previous project to strengthen the capital region s power grid. Haiti is currently using resources from the earlier operation and a World Bank-financed project to repair critical circuits. The additional resources from the IDB will help finance repairs to high, medium and low voltage circuits as well as the construction of a new substation in the industrial district of Tabare.

The grant will also finance the acquisition of information technology hardware and software and the training of staff to strengthen the business management of the state-owned utility Electricite d Haiti (EDH). These investments will support one of the original project s goals: to reduce EDH s technical and commercial power losses. Overall, the projects aim to increase the supply of energy and reducing power outages in Port-au-Prince, as well as to alleviate EDH s commercial deficits.

Along with these efforts to restore power in Port-au-Prince, the IDB and the World Bank are backing an emergency programmeme for solar energy generation with US$3 million in grants from both institutions and the Global Environment Fund. The project supplies solar-powered generators and refrigerators to hospitals and other health care facilities. The IDB is also financing a programmeme to revamp the Peligre hydroelectric power plant, Haiti s biggest source of renewable energy. This programmeme is also backed by the OPEC Fund for International Development and Germany s KFW.

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Geographic Code:0BANK
Date:Jul 26, 2010
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