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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
    Link to source
    Other links

    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.

    Link to source
    Other links

    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

    Other links

    General enquiries and comments

    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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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