Release date: 16 October 2006
Promoter – Financial Intermediary
Barbados Light and Power Company LimitedLocation
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 9.75 million (USD 12.5 million).
Total cost (Approximate amount)
EUR 13 million (USD 16.7 million).
Environmental aspects
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.
Procurement
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.
Status
Signed - 21/12/2006
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).