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Signature(s)

Amount
€ 9,750,000
Countries
Sector(s)
Barbados : € 9,750,000
Energy : € 9,750,000
Signature date(s)
21/12/2006 : € 9,750,000
Link to source

Summary sheet

Release date
16 October 2006
Status
Reference
Signed | 21/12/2006
20040181
Project name
Promoter - financial intermediary
BLPC IV Wind Power Project
Barbados Light and Power Company Limited
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 9.75 million (USD 12.5 million).
EUR 13 million (USD 16.7 million).
Location
Sector(s)
Description
Objectives

The project consists of the design, supply, installation, testing, training, commissioning and operation of a wind farm at Lamberts East, with a total installed capacity of 9.4 MWe Reinforcement of access roads is also included and the farm will be connected to the power grid via a 24 kV overhead line.

The purpose of the project is to replace expensive fossil fuel and to reduce CO2 emissions by building and operating the first wind farm in Barbados. The project will be located at Lamberts East, about 1.5 km from the northeast coast of Barbados facing the Atlantic Ocean.

Environmental aspects
Procurement

The promoter is currently undertaking an environmental impact study including a public consultation process. An EIA for the medium voltage power line is not required, neither by the European EIA directive, nor by the national environmental authorities.

The promoter will comply with the Bank’s procurement guidelines when tendering the turnkey contract proposed for part-financing by the Bank. This implies open or restricted tendering published in the Official Journal. The power line connection will be constructed by the promoter’s own work force due to its limited size.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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