Data / Partner portfolio / IDB Group / IDB Invest
West Indies Energy Company S.A.
US$ millions unless stated. Haitian fiscal year, October to September. FY2026-27 began October 1, 2026.
Description
WINECO is a liquid terminal that provides intake from vessels, storage and distribution by trucks or pipeline of bulk liquids ranging from petroleum products to industrial chemicals and edible cooking oils. WINECO is the largest petroleum and liquid bulk storage and handling facility in Haiti, with storage capacity of approximately 1 million barrels, spread over 22 tanks located adjacent to the port facilities owned by Terminal Vareaux S.A., (“TEVASA”), a related company. TEVASA and WINECO are companies of the Wingroup (www.wingrouponline.com) owned by the Mevs family. TEVASA and WINECO have been in operations since 1990s. The Wingroup is a Haitian conglomerate with stakes in diverse industries such as warehousing, storage, port operations, cement distribution and commercial and residential real estate.
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The IIC loan will be funded by an A Loan of up US$3 million from IIC’s own resources and a B loan of up to US$3 million from a bank participant. The IIC loan will be used for capital investments for a new pier to increase draft to about 14 meters, increase of storage capacity, and for other investments related to safety and operational efficiency. With this project investment, WINECO will increase capacity to handle liquids and oils related products and will modernize its facilities. The IIC with this loan will help to expand and maintain key business infrastructure to support future demand of basic raw materials for the Haitian economy.
- Partner
- IDB Group, IDB Invest
- Sector
- Sector not identified
- Stage
- Closed since April 8, 2014
- Start
- April 8, 2014
- Closing
- Not reported
- Effectiveness
- Not reported
- Last transaction
- April 8, 2014
- Operation ID
- HA2773A-01
Life cycle3 stages, 5 dates
Stage history
| Stage | From |
|---|---|
| Approved | April 8, 2014 |
| Under way | April 8, 2014 |
| Closed | April 8, 2014 |
Dated events
| Event | Date | Source |
|---|---|---|
| Actual start | April 8, 2014 | IATI |
| First commitment | April 8, 2014 | Transactions |
| First disbursement | April 8, 2014 | Transactions |
| Last disbursement | April 8, 2014 | Transactions |
| Planned start | April 8, 2014 | IATI |
Financing
Table 1.Position at the data date by source (stocks), US$ millions
| This pageUS$ millions | Source | |
|---|---|---|
| Commitment | 3.8 | IATI |
| Disbursed | 3.8 | IATI |
| Undisbursed | Not reported | |
| Total cost | Not reported |
IATI amounts. Approved: The commitments the partner reports, converted to US$. Disbursed to date: The disbursements (IATI transaction type 3, money paid to another organization) and expenditure (type 4, money the publisher spent itself) the partner reports, converted to US$. Undisbursed: The undisbursed balance the record gives, where the partner reports one, in US$. Amounts by source
Changes to the operationnot reported
- Original closing date
- Not reported
- Closing date extensions
- Not reported
- Restructurings
- Not reported
- Emergency component
- Not reported
New commitments and disbursements by fiscal year
Table 2.New commitments and disbursements by fiscal year (flows), US$ millions
Records and documents
Transactions2 records, April 8, 2014 to April 8, 2014
Table 3.Transactions, US$ millions
Terms4 of 6 reported
- Finance type
- 421 Standard loan
- Flow type
- 37 Other private flows at market terms
- Aid type
- C01 Project-type interventions
- Tied status
- 4 Tied
- Collaboration type
- Not reported
- Humanitarian
- Not reported
Locations1 place named
| Departments | Not reported |
| Places named by the source | Haiti |
| Places with coordinates | 0 |
Funds passed on1 transaction
| Receiver | Transaction | Date | US$ millions |
|---|---|---|---|
| West Indies Energy Company S.A. | Commitment | April 8, 2014 | 3.8 |
Identifiers2 identifiers
| System | Identifier | Source |
|---|---|---|
| IATI identifier | XM-DAC-46012-HA2773A-01 | IATI |
| IDB operation | HA2773A-01 | Operation record |
Partner documents
- Environmental and social review, idbinvest.org
Procurement notices (1)
- Tenders, idbinvest.org
Sources
- IATI record (d-portal): terms of use set by the publisher
- IATI: terms of use set by the publisher
- Transactions: terms of use set by the publisher
- Operation record: terms of use set by the publisher
Data as of October 18, 2026
| Source | Read on |
|---|---|
| IATI | October 18, 2026 |
| IATI | October 18, 2026 |
Cite this page
HaitiDocs. West Indies Energy Company S.A.. Partner portfolio, data as of October 18, 2026. https://www.haitidocs.org/portfolio/projects/IDB_INVEST%3AHA2773A-01