Release date: 5 October 2005
Promoter – Financial Intermediary
Grenada Electricity Services Ltd.Location
Description
The project concerns the expansion of the generation capacity of Grenada Electricity Services Limited. Part of the increase will be used for retiring older and less efficient units.
Objectives
Provision of adequate, reliable and cost effective supply of electricity.
Comments
Electricity Production.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 5 million
Total cost (Approximate amount)
EUR 10 million
Environmental aspects
Within the EU, the project would fall under Annex II of Directive 97/11/EC, leaving it to the competent national authority to decide on the requirement for an EIA. In this case, although not formally required by national legislation, the Bank has requested an Environmental Impact Study (EIS) be initiated.
Procurement
The power plant will be procured on a turnkey-basis following the procedures of international tendering including publication in the OJEU according to the Bank’s Guide to Procurement.
Status
Signed - 28/07/2005