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

June 17, 2026

Project Status

Implementation

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

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
6146/OC-BA	Sovereign Guaranteed	USD - United States Dollar	Jul. 14, 2026		Ordinary Capital	Flexible Financing Facility

Operation Number

6146/OC-BA

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 14, 2026
Signed Date:
Fund: Ordinary Capital
Financial Instrument: Flexible Financing Facility

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-51055

Loan Contract

Programa de Modernización del Sector Eléctrico - BA-L1067.pdf

Jul. 06, 2026

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-51054

Loan Contract

Power Sector Modernization Program - BA-L1067.pdf

Jul. 06, 2026

English

https://www.iadb.org/document.cfm?id=EZIDB0003248-14907818-230

Loan Proposal

Paquete Propuesta de préstamo para el “Programa de Modernización del Sector Eléctrico” (PR-5380).pdf

Jun. 30, 2026

English

https://www.iadb.org/document.cfm?id=EZIDB0003248-14907818-224

Loan Proposal

LP Package_BA-L1067_2026_FINAL.pdf

Jun. 16, 2026

English