20 June 2012
IDB Invests in Energy Reform in Haiti
story highlights

IDB announced a $12 million grant to strengthen institutional capacity of the Haitian Government as well as improve its national energy company's viability via improvements in energy efficiency and provision of access to energy to the energy poor.

IDB14 June 2012: The Inter-American Development Bank (IDB) has announced a $12 million grant to support Haiti’s reforms to modernize its energy sector and increase the availability, efficiency and affordability of energy.

This is the second of three policy grants aimed at providing budget support to Haiti’s efforts to turn the public power utility Electricité d’Haïti (EDH) into a viable and operational company through a management contract. In addition to budget support for energy policy reforms, IDB has provided Haiti investment grants totaling over $46 million to help, among others, restore the generation capacity of the Péligre hydroelectric plant and to upgrade the power transmission line to Port-au-Prince.

IDB Energy Division Chief Leandro Alves noted that the policy measures covered by this operation will be critical to achieving a sustainable reform. [IDB Press Release]

related posts