HYDRO POWER I (SDR-4

closed

The First Power Project will meet VINLEC's estimated energy generation requirements through 1994, reduce substantially the imports of petroleum products, improve the quality of electricity services, reduce the level of the system's distribution losses and improve management and staff skills. The project includes the construction of three hyroelectric power plants, rehabilitation of existing diesel engine generating plants, extension of subtransmission and distribution facilities, a loss reduction program, a training program and engineering/consultant services. The project will reduce the country's dependence on imported fuels by about 34,500 barrels of fuel per year, resulting in foreign exchange savings equivalent to US$1,300,000 annually. It will supply a reliable and efficient source of power for the country's development.