The Inter-American Development Bank (IDB) announced the approval of a $25 million policy-based grant to support the institutional transformation and modernization of Haiti’s energy sector. The resources include $22 million from the IDB Grant Facility and $3 million from the Haiti Reconstruction Fund.

The grant is the third in a series of three policy-based operations focused on providing budgetary support to the government of Haiti as it carries out energy policy reforms. The measures will help strengthen institutional capacity and organization of the energy sector; foster better management and operational efficiency of the state utility Électricité d’Haïti, and address problems such as electricity theft and fraud.

In recent years it has provided the Haitian government $64.5 million to restore the Péligre hydroelectric plant’s generation capacity and upgrade the power distribution network in Port-au-Prince. The IDB has also financed pilot projects to tap renewable resources such as solar energy in Haiti.

See also :

https://www.haitilibre.com/en/news-8624-haiti-energy-idb-grant-$3-million-for-clean-energy.html

https://www.haitilibre.com/en/news-5892-haiti-energy-$12-million-for-haiti-energy-reform-idb.html

https://www.haitilibre.com/en/news-4935-haiti-energy-$48-8-million-for-the-rehabilitation-of-peligre.html

https://www.haitilibre.com/en/news-4499-haiti-energy-$20-millions-for-peligre-hydroelectric-plant.html

HL/ HaitiLibre