Power Sector Modernization Program

The general objective of the program is to enhance energy security in Barbados. The specific objectives are to: (i) accelerate the integration of Renewable Energy (RE) and emerging technologies in the power sector; and (ii) promote competitiveness and private sector investment in RE and storage.

Project Detail

Country

Barbados

Project Number

BA-L1067

Approval Date

Project Status

Preparation

Project Type

Loan Operation

Sector

ENERGY

Subsector

LOW-CARBON ENERGY TECHNOLOGIES

Lending Instrument

Policy-Based Loan

Lending Instrument Code

PBL

Modality

PBP (Programmatic Policy Base Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 150,000,000.00

Country Counterpart Financing

Original Amount Approved

USD 150,000,000.00