This Technical Cooperation will continue to support the implementation of the Sustainable Energy Framework for Barbados (SEFB). The SEFB is a comprehensive framework aiming to unlock viable investments in Renewable Energy (RE) and Energy Efficiency (EE) to reduce energy costs, reduce dependency on imported fossil fuels, improve energy security, promote an enabling legal and regulatory framework for the deployment of RE and EE, and enhance environmental sustainability. Two loan operations currently under execution are an integral part of the SEFB (BA-L1012 and BA-L1025), and one operation under preparation BA-L1043 Sustainable Energy Investment Program II. The Public Sector Smart Energy (PSSE) (BA-L1025) program aims at replacing all street lights in Barbados with energy-saving lamps and retrofitting government buildings to generate energy savings, and The Deployment of Cleaner Fuels and Renewable Energies in Barbados (BA-1012) operation has the objective to enhance Barbados' energy security and sustainability by diversifying its energy matrix through promoting the use of cleaner fuels for power generation including Natural Gas, and increasing the use of Renewable Energy (RE) sources. This TC will also support the execution of the Smart Fund II (currently under preparation) (BA-L1043) which has a main objective to expand the financial instrument designed and implemented under (BA-L1020) to support small businesses acquire state-of-the-art RE and EE equipment,, promote electromobility, the applicability of energy storage, and institutional strengthening. These operations have been and still are an integral part of the government's strategy to reduce its dependency on imported fossil fuels for electricity generation and turn to a sustainable energy matrix.This TC will contribute to the execution and evaluation of the Smart Fund and the execution of the PSSE.

Project Detail

Country

Barbados

Project Number

BA-T1057

Approval Date

December 10, 2018

Project Status

Closed

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

LOW-CARBON ENERGY TECHNOLOGIES

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

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 200,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 200,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-17207-BA Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-17207-BA
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2059229445-10
TC Abstract
TC Abstract for Publication.pdf
Nov. 30, 2018
English

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