Sustainable Energy Investment Program (Smart Fund II)
The general objective of the program is to reduce Barbados's dependency on imported fossil through the increased use of RE and EE technologies. The specific objectives of the program are: (i) To reduce electricity consumption in the commercial, residential and public sectors by implementing RE and EE measures, increase electric mobility and hence obtain energy and financial savings that will contribute positively to the country's difficult macroeconomic situation. (ii) To reduce Green House Gases (GHG) emissions from liquid fossil fuels used for power generation and transport. (iii) To increase institutional capacity for the management of RE and EE project preparation and implementation.

Project Detail

Country

Barbados

Project Number

BA-G1002

Approval Date

September 20, 2019

Project Status

Implementation

Project Type

Investment Grants

Sector

ENERGY

Subsector

ENERGY EFFICIENCY AND RENEWABLE ENERGY IN END USE

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 15,463,142.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 15,463,142.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRT/ER-17578-BA Sovereign Guaranteed USD - United States Dollar European Commission Amended and Restated Grant
Operation Number GRT/ER-17578-BA
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: European Commission Amended and Restated
  • Financial Instrument: Grant

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-46694
Project Monitoring Report ( Public version)
BA-G1002 Second period Jan-Dec 2024 - Public Report.PDF
Jul. 17, 2025
en
https://www.iadb.org/document.cfm?id=EZIDB0000047-604088471-186
Annual Project Audited Financial Statement
Loan 4865OC-BA Smart Fund II Finalized Audit Report 2024-25 Financial Statements.pdf
Sep. 05, 2025
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-45885
Project Monitoring Report ( Public version)
BA-G1002 First period Jan-Jun 2024 - Public Report.PDF
Feb. 04, 2025
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44728
Project Monitoring Report ( Public version)
BA-G1002 Second period Jan-Dec 2023 - Public Report.PDF
Jul. 01, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44052
Project Monitoring Report ( Public version)
BA-G1002 First period Jan-Jun 2023 - Public Report.PDF
Jan. 25, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43413
Project Monitoring Report ( Public version)
BA-G1002 Second period Jan-Dec 2022 - Public Report.PDF
Jul. 19, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-42574
Project Monitoring Report ( Public version)
BA-G1002 First period Jan-Jun 2022 - Public Report.PDF
Feb. 07, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-40853
Project Monitoring Report ( Public version)
BA-G1002 Second period Jan-Dec 2021 - Public Report.PDF
Aug. 11, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-33727
Specific Procurement Notices
BA-G1002_P1015074_SP.pdf
Jul. 26, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-36581
Project Monitoring Report ( Public version)
BA-G1002 First period Jan-Jun 2021 - Public Report.pdf
Apr. 28, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-34635
Project Monitoring Report ( Public version)
BA-G1002 Second period Jan-Dec 2020 - Public Report.pdf
Jul. 20, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8592
Loan Contract
Contract - Sustainable Energy Investment Program (Smart Fund II).pdf
Jul. 19, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-31016
General Procurement Notices
BA-G1002_P725412_GN.pdf
Apr. 27, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33965
Project Monitoring Report ( Public version)
BA-G1002 First period Jan-Jun 2020 - Public Report.pdf
Mar. 08, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33320
Project Monitoring Report ( Public version)
BA-G1002 Second period Jan-Dec 2019-Public Report.pdf
Aug. 24, 2020
English

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