Latest update January 17th, 2025 6:30 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

IDB makes $20 million grant for Haiti hydro

Dec 19, 2011 News

– Resources to restore the country’s largest renewable energy plant

The Inter-American Development Bank (IDB) Thursday announced the approval of a $20 million grant to complete and supplement the financing needed to refurbish the Péligre hydroelectric plant, Haiti’s largest renewable energy generation facility.
The project will enable Haiti to restore and preserve Péligre’s original installed capacity of 54 megawatts, while safeguarding the dam’s functions of controlling floods and supplying water for irrigation in the Artibonite valley, the country’s principal farming region.
At present the power plant only operates at under half of its capacity, forcing Haiti to rely more heavily on thermoelectric plants that consume expensive imported fossil fuels.
The new grant will supplement other financing already committed to the project, including a $12.5 million IDB grant, a $13.7 million grant from the German development agency KfW and $15 million in concessional financing from OFID, OPEC’s international development fund.
These resources will cover the cost of rehabilitating Péligre’s three turbines, its ageing electromechanical equipment, communications and control systems, the insulation of its alternators, an external substation and alarm systems. The rehabilitation works are scheduled to start in 2012.
In coordination with other donors such as USAID and the World Bank, the IDB is helping Haiti carry out a comprehensive reform of its energy sector, including the recovery, expansion and modernization of its generation, transmission and distribution infrastructure and the strengthening of financial, technical and commercial management at Électricité d’Haïti, the state utility.
The IDB is Haiti’s leading multilateral donor. Over the past two years, the Bank has approved $442 million in new grants and disbursed more than $330 million to support Haiti’s recovery and long-term development investments in sectors such as education, water and sanitation, agriculture, transportation, energy and private sector development.

Similar Articles

The Glenn Lall Show | January, 13th, 2025

 

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Windies captain Brathwaite stresses bravery, belief ahead of Pakistan Test Series

Windies captain Brathwaite stresses bravery, belief ahead of Pakistan...

Jan 17, 2025

SportsMax – With the stakes high and the odds challenging, West Indies captain Kraigg Brathwaite has placed an unyielding focus on self-belief and bravery as key factors for his team to deliver...
Read More
In-form Savory dazzles on second day with classy half-century

In-form Savory dazzles on second day with classy...

Jan 17, 2025

Moo Milk sponsors National U12 Chess tourneys

Moo Milk sponsors National U12 Chess tourneys

Jan 17, 2025

Determinators’ 2-1 win over Pele FC keep them alive as DeJonge needles Potaro

Determinators’ 2-1 win over Pele FC keep them...

Jan 17, 2025

Lusignan Golf Club to host Inaugural GBTI Mastercard Golf Classic this Sunday

Lusignan Golf Club to host Inaugural GBTI...

Jan 17, 2025

GFF Referee department recognizes top performances at Referee Award Ceremony, FIFA badges issued

GFF Referee department recognizes top...

Jan 17, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]