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Port-au-Prince Oil-fired Power Plant

Sector: Oil and Gas • Location: Ouest, Haiti

Source: World Bank Group

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In July 2009 a 30 MW Port-au-Prince Oil-fired Power Plant reached financial closure in Haiti. The plant was to boost energy capacity in Port-au-Prince by 40 percent and provide more cost-competitive electricity as it will burn heavy fuel oil rather than diesel oil. The plant was to be developed by E-Power SA, which was majority-owned by a consortium of local investors led by Daniel Rouzier, a Hait

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The project “Port-au-Prince Oil-fired Power Plant” is an infrastructure initiative in the Oil and Gas sector, located in Ouest, Haiti. Taiyo aggregates data on it from World Bank Group.

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Description

Description

In July 2009 a 30 MW Port-au-Prince Oil-fired Power Plant reached financial closure in Haiti. The plant was to boost energy capacity in Port-au-Prince by 40 percent and provide more cost-competitive electricity as it will burn heavy fuel oil rather than diesel oil. The plant was to be developed by E-Power SA, which was majority-owned by a consortium of local investors led by Daniel Rouzier, a Haitian businessman as well as Korea East-West Power Co, Ltd, a large Korean electricity utility with a 30% interest. The plant was to sell power to Electricite d'Etat d'Haiti under 15-year power purchase agreement(PPA). The total project cost was US $57 million.The IFC provided $17 million in the form of a senior loan and syndicated $12 million from the Netherland’s FMO. The plant became operational in January 2011

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