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Signature(s)

Amount
€ 26,800,000
Countries
Sector(s)
Dominican Republic : € 26,800,000
Energy : € 26,800,000
Signature date(s)
1/11/2010 : € 26,800,000
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Summary sheet

Release date
29 January 2009
Status
Reference
Signed | 01/11/2010
20070230
Project name
Promoter - financial intermediary
ETED Power Transmission

Empresa de Transmisión Eléctrica Dominicana

Proposed EIB finance (Approximate amount)
EUR 35 million.
Location
Sector(s)
Description
Objectives

Extension of high voltage transmission network with 138 kV lines and substations in the South-western region of the Dominican Republic.

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.

Environmental aspects
Procurement

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.

The Promoter will comply with the Bank’s procurement guidelines when tendering contracts proposed for part-financing by the Bank.

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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).

News & Stories

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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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