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Signature(s)

Amount
€ 89,493,466.98
Countries
Sector(s)
Dominican Republic : € 89,493,466.98
Energy : € 89,493,466.98
Signature date(s)
1/06/2016 : € 89,493,466.98
Link to source

Summary sheet

Release date
6 November 2014
Status
Reference
Signed | 01/06/2016
20130686
Project name
Promoter - financial intermediary
CDEEE LOSS REDUCTION PROJECT
CORPORACION DOMINICANA DE EMPRESAS ELECTRICAS ESTATALES
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 150 million
Location
Sector(s)
Description
Objectives

Implementation of a loss-reduction programme in the electricity distribution system and improvement in the quality of energy supply to the end consumers.

The project aims at improving the availability of power supply, which is crucial for the social and economic development of the country. The project will consist of the rehabilitation of distribution grids, the regularisation of illegal connections and the installation of remote meter-reading equipment. There will also be an information campaign towards the communities to explain the consequences of theft of electricity and how to make payment of bills easier, and to raise awareness on the benefits of energy efficiency and basic safety precautions regarding the use of electricity.

Environmental aspects
Procurement

The project involves the rehabilitation of medium voltage and low voltage electricity networks, whose negative environmental impacts are expected to be modest, in most cases limited to disturbance during construction.

The Bank will require that the procurement of equipment, works and services for the implementation of the project will be done in accordance with the Bank’s Guide to Procurement.

Link to source
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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).

Documents

Environmental and Social Data Sheet (ESDS) - CDEEE LOSS REDUCTION PROJECT
Publication Date
29 May 2015
Document language
Main Topic
Lending
Document Number
59382162
Document Focus
Environmental Information
Project Number
20130686
Sector(s)
Countries
Publicly available
Download now

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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