Haiti - Fourth Power Project

Document of The World Bank FOR OFFICIAL USE ONLY | & 't Report No. P-3722-HA REPORT AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED DEVELOPMENT CREDIT OF SDR 21.8 MILLION (US$22.1 MILLION EQUIVALENT) TO THE REPUBLIC OF HAITI FOR A FOURTH POWER PROJECT October 26, 1984 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency unit = Gourde (G) G 1.00 = US$0.20 G 5.00 = US$1.00 G 1. million US$200,000 UNITS AND MEASURES 1 kilovolt (kV) = 1,000 volts (V) 1 kilowatt (kW) = 1,000 watts (W) 1 megawatt (MW) = 1,000 kilowatts (kW) 1 kilowatt-hour (kWh) = 1,000 watt-hours (Wh) 1 gigawatt-hour (GWh) = 1,000 megawatt-hours (MWh) 1 megavolt-ampere (:MVA) = 1,000 kilovolt-ampere (kVA) 1 kilometer (km) = 0.6214 mile (mi) 1 square kilometer (km2) = 0.386 square mile (sq. mi.) ABBREVIATIONS AND ACRONYMS CCCE = Caisse Centrale de Coop6ration Economique (France) CIDA Canadian International Development Agency EdH Electricite d'Haiti FAC = Fonds d'Aide et de Cooperation (France) HQI Hydro Quebec International IDB = Inter-American Development Bank KfW = Kreditanstalt fur Wiederaufbau (Federal Republic of Germany) ODVA L'Organisme de Developpement de la Vallee d'Artibonite TELECO = Telecommunications d'Haiti TELEHAITI = Television d'Haiti UNDP = United Nations Development Programs USAID = United States Agency for International Development FISCAL YEAR October 1 - September 30  FOR OFFICIAL USE ONLY HAITI FOURTH POWER PROJECT CREDIT AND PROJECT SUMMARY Borrower: Republic of Haiti Beneficiary: Electricite d'Haiti (EdH) and the Ministry of Finance. Amount: SDR 21.8 million (US$22.1 million equivalent) from IDA. Terms: Standard. On-lending Terms: The amount of SDR 21.3 million from proceeds of the credit would be on-lent by the Government to EdH for a period of 20 years, including four years of grace, at an interest rate of 9.89 percent per annum. Interest during construction would be capitalized. EdH would assume the foreign exchange risk. Co-Financing: Caisse Centrale de Cooperation Economique (CCCE), FF 72 million, to be lent to the Government of Haiti for on-lending to EdH. Project The project would help to further develop the energy Description: sector of Haiti through (i) the expansion of the existing Carrefour diesel power station at Port-au- Prince with two diesel-electric units (2 x 7.8 MW); (ii) the implementation of a program to improve the generation capacity of the three existing power plants; (iii) the completion of the rehabilitation of the distribution network at Port-au-Prince; (iv) the preparation of detailed engineering design for a hydroelectric project in the Artibonite river basin; (v) the provision of consulting services for the management and operation of EdH, as well as project implementation and operation; (vi) the provision of a training program including fellowships; and (vii) the provision of consulting services for the municipal finance study of the Port-au-Prince metropolitan area. Risks: No unusual risks are associated with the project. In order to provide required expertise, internationally recruited consultants would assist EdH in project implementation. | This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  - ii - Estimated Cost: a/ Local Foreign Total