Release date: 29 January 2009
Promoter – Financial Intermediary
Empresa de Transmisión Eléctrica Dominicana
Location
Description
Extension of high voltage transmission network with 138 kV lines and substations in the South-western region of the Dominican Republic.
Objectives
The reinforcement of the transmission system will be designed to accommodate the development of other renewable energy projects in the region. The project will cover peak electricity demand and it is part of an integrated plan for the electricity sector in the country.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million.
Environmental aspects
The Bank will verify that the impact of the project is in line with the EU and the Bank’s principles and standards as regards environmental and social issues.
Procurement
The Promoter will comply with the Bank’s procurement guidelines when tendering contracts proposed for part-financing by the Bank.
Status
Signed - 1/11/2010