Haiti - Economy : E-Power launches its 30-megawatt power plant
Posted: 14 January 2011 02:01 PM   [ Ignore ]
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Prior to the earthquake, only 25 percent of Haiti’s population had access to electricity, with the best served areas receiving a maximum of 8 hours of energy a day. The Haitian company, E-Power inaugurated Thursday a state-of-the-art 30-megawatt power plant. This power plant is a important step in Haiti’s reconstruction, it will boost energy capacity in Port-au-Prince by 40 percent, it will also provide more cost-competitive electricity as it will burn heavy fuel oil rather than diesel oil.

This is the first private sector power generation project open to international bidding. The majority of the capital of E-Power is owned by a group of local investors led by Daniel Rouzier, a Haitian businessman. Korea East-West Power Co, Ltd, a large Korean electricity utility, also joined the project. IFC provided $17 million for its own account and syndicated $12 million from the Netherland’s FMO. The total project cost was $57 million.

Daniel-Gerard Rouzier, Chairman of E-Power Chairman, said, "Many have been inspired by the resilience and spirit of the Haitian people in coping with the difficulties of the past year. We look forward to a long-term partnership with IFC, which has shown great commitment to our country and to helping our private sector do its part in rebuilding Haiti." Bernard Sheahan, IFC Director for Infrastructure in Latin America and the Caribbean, said, "It has been more than two years since our team visited Haiti to discuss our potential financing of the E-Power project with the sponsor. Today’s launch of operations of E-Power is proof of Haitian’s determination to recover and build a better future. E-Power stands as a testimony to what has been achieved in the country under the most challenging environment imaginable."

A project that should, hopefully, will encourage other investors. IFC is supporting the private sector’s important role in a long-term and sustainable recovery, creating jobs, providing access to finance and developing infrastructure that will improve the quality of life of the Haitian people and spur economic development.
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Posted: 14 January 2011 04:34 PM   [ Ignore ]   [ # 1 ]
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I haven't looked, but I suspect a HUGE "Donate NOW" button on the respective links.

We have Peligre Dam sitting basically dormant after a 2008, $180 million budgeted project

that has yet to see a shovel of dirt moved in 2 years.
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Posted: 14 January 2011 06:30 PM   [ Ignore ]   [ # 2 ]
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gunner - 14 January 2011 05:15 PM
I'm happy to see the Iron Market reopened.

But let's be real, the "Iron Market", from a construction standpoint, is nothing.

Please, when I see photos of a functioning, fully operational, power plant or water treatment facility,

then I will jump for joy!

So far, not a SINGLE PROJECT has put shovel to earth. Not one!

All kinds of "cut and paste", "donate now", but no shovels, and no progress.


???????????????????
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Posted: 14 January 2011 06:47 PM   [ Ignore ]   [ # 3 ]
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gunner - 14 January 2011 04:34 PM
I haven't looked, but I suspect a HUGE "Donate NOW" button on the respective links.

We have Peligre Dam sitting basically dormant after a 2008, $180 million budgeted project

that has yet to see a shovel of dirt moved in 2 years.


GUNNER; you are loosing ALL credibility with your response to this post..........people might start to think that you are truly insane.
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Posted: 15 January 2011 11:36 AM   [ Ignore ]   [ # 4 ]
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Jesus Christ - 14 January 2011 06:47 PM
gunner - 14 January 2011 04:34 PM
I haven't looked, but I suspect a HUGE "Donate NOW" button on the respective links.

We have Peligre Dam sitting basically dormant after a 2008, $180 million budgeted project

that has yet to see a shovel of dirt moved in 2 years.


GUNNER; you are loosing ALL credibility with your response to this post..........people might start to think that you are truly insane.


Pay attention JC.

This carefully "crafted" statement would lead one to believe that this power plant is in "operation".

But it is not! Not a shovel of dirt moved yet.

Opening of E-Power facility in Haiti

The Hague, January 13, 2011

FMO strongly supports this project since it unites two of our main objectives: providing support for a country that lacks commercial finance to rebuilt the infrastructure and enabling the population to improve their conditions. The impact of this investment on the local energy sector and economy are expected to be very positive, especially for the small and medium-sized enterprises. Once operational, the facility will also contribute funds for local community development; it is an entrepreneurial and developmental example” said Mr. Jurgen Rigterink, Chief Investment Officer of FMO.

http://www.fmo.nl/smartsite.dws?id=16304
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Posted: 15 January 2011 11:45 AM   [ Ignore ]   [ # 5 ]
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No. my mistake.

This plant is for real.

30Mw will certainly help.

Planned in 2004, funding started in late 2009 and completed by January 2011.

Impressive. Kept relatively quiet but ya'll got it right!

Thank God for private sector investment.
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Posted: 15 January 2011 12:20 PM   [ Ignore ]   [ # 6 ]
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gunner - 15 January 2011 11:45 AM
No. my mistake.

This plant is for real.

30Mw will certainly help.

Planned in 2004, funding started in late 2009 and completed by January 2011.

Impressive. Kept relatively quiet but ya'll got it right!

Thank God for private sector investment.


Thank You Gunner........and yes private sector investments in partnership with a strong stable government WITH REVENUES is the key.
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Posted: 15 January 2011 02:21 PM   [ Ignore ]   [ # 7 ]
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l_inaugurationhoc_8880_web.jpg
Ministre, investisseurs et fournisseurs ont coupé le ruban jeudi pour inaugurer l'usine Rev. Michel Arthur Volel de 30 MW situé à Cité Soleil. c'est un investissement de 59 millions de dollars qui va changer la donne dans secteur énergétique


E-Power, vers un autre courant
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Posted: 15 January 2011 03:11 PM   [ Ignore ]   [ # 8 ]
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Haiti: E-Power- un projet d'électricité pour la capitale

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