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Data / Partner portfolio / World Bank Group / IFC

E-Power S.A.

US$ millions unless stated. Haitian fiscal year, October to September. FY2026-27 began October 1, 2026.

Description

The Project is the first IFC infrastructure project in Haiti. It is to construct, own, and operate a 30MW Heavy Fuel Oil (“HFO”) diesel power plant on a build-own-and-operate (“BOO”) basis in Port-au-Prince. The project will sell its capacity and electricity to the state-owned utility, Electricité d’Haiti (“EDH”), under a 15-year Power Purchase Agreement (“PPA”). The project benefits from sovereign guarantee and tax and duty exemptions under a Implementation Agreement (“IA”) and a Sovereign Guarantee with the Republic of Haiti. The project will be undertaken on a quasi full-turnkey basis by Hyundai Heavy Industries, Co. Ltd (“HHI”) and its spin-off, DECCO Ltd (“DECCO”) of Korea. The foreign sponsor, the Basic Energy Group (“BEG”), will be the operations and maintenance (“O&M”)

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operator. Fuel will be sourced from a large international fuel supplier. Total project costs are about $50 million to be financed on a 75:25 debt to equity basis. Construction period is expected to be about 18 months. The project is the first private-sector generation project in the country, which has been selected on the basis of international tendering processes undertaken with the help of the World Bank. Currently, the country relies largely on another private-sector generator which owns and runs Light Fuel Oil (“LFO”) diesel facilities. Being a HFO diesel facility, the Project will be significantly more cost-competitive than the existing LFO facilities at a total electricity cost of about US¢ 15-17 per kWh as compared with US¢ 22-26 per kWh for the LFO facilities at about a crude oil price of about US$ 60 -80 per bbl. In light of the current dire financial conditions of the state-owned utility, the project is expected to be paid largely through the budgetary transfer from the government, as has been the case for all the other private-sector generation projects. Such budget transfer accounted for about 7-8% of total government expenditures in the recent years. This is expected to remain at about the same level even with the commencement of the Project and other projects currently in the pipeline, assuming no improvement in the cash recovery rate of the state-owned utility and continuing growth of government budgets in line with its recent trend

Partner
World Bank Group, IFC
Sector
Sector not identified
Stage
Closed since July 1, 2009
Approval
December 19, 2010
Closing
Not reported
Instrument
Loan, Loan
Effectiveness
December 15, 2009
Last transaction
December 19, 2010
Operation ID
27274
Life cycle2 stages, 9 dates

Stage history

StageFrom
Under wayJuly 1, 2009
ClosedJuly 1, 2009

Dated events

EventDateSource
DisclosureJanuary 28, 2009IFC Finances One
Last disbursementJuly 1, 2009Transactions
Planned startJuly 1, 2009IATI
SigningJuly 1, 2009IFC Finances One
Actual startDecember 15, 2009IATI
EffectivenessDecember 15, 2009IFC Finances One
First disbursementDecember 15, 2009IFC Finances One
ApprovalDecember 19, 2010IFC Finances One
First commitmentDecember 19, 2010Transactions

Financing

Table 1.Financing, US$ millions

FinancierAmountUS$ millionsRoleSource
IFC loan16.0InstitutionIFC Finances One

Table 2.Position at the data date by source (stocks), US$ millions

This pageUS$ millionsSourceIATIUS$ millions
Commitment16.0IFC Finances One16.0
Disbursed16.0IATI16.0
UndisbursedNot reported
Total costNot reported

Each amount is given as the source publishes it, converted to US$. IATI column: the commitments and disbursements the partner reports to IATI, converted to US$. Amounts by source

This page uses IFC Finances One for the commitment and IATI for disbursements.

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 3.New commitments and disbursements by fiscal year (flows), US$ millions

FY2008-09US$ millionsFY2010-11US$ millions
New commitmentsNot reported16.0
Disbursements16.0Not reported
Cumulative disbursements16.0Not reported

Records and documents

Transactions2 records, July 1, 2009 to December 19, 2010

Table 4.Transactions, US$ millions

DateMeasureAmountUS$ millionsSourceMethod
December 19, 2010Commitment16.0IFC Finances Onecommitment at approval date
July 1, 2009Disbursements16.0IATIIATI disbursement (transaction type 3), paid to another organization
Terms5 of 6 reported
Finance type
421 Standard loan
Flow type
35 Private market
Aid type
C01 Project-type interventions
Tied status
5 Untied
Collaboration type
6 Private development finance
Humanitarian
Not reported
Locations1 place named, 1 place with coordinates
DepartmentsNot reported
Places named by the sourceThe project area is located within a non-residential and industrial zone on a 50,000 m2 in the outskirts of the capital city, Port-au-Prince within the walled area which is to become the first private-sector owned and managed industrial park in the country. It is only about 3km away from the port and has an adequate access road for transporting equipment from the port to the site.
Places with coordinates1
Funds passed on1 transaction
ReceiverTransactionDateUS$ millions
E-Power SACommitmentJuly 1, 200916.0
Identifiers2 identifiers
SystemIdentifierSource
IATI identifierXM-DAC-903-SPI-27274IATI
IFC project27274Operation record
Where sources differ1 field
FieldSourceValueUsed
StatusIFC Finances OneClosed✓
StatusIATIActive

Partner documents

Sources

Data as of October 18, 2026
SourceRead on
IATIOctober 18, 2026
IATIOctober 18, 2026
IFC Finances OneOctober 18, 2026
Cite this page

HaitiDocs. E-Power S.A.. Partner portfolio, data as of October 18, 2026. https://www.haitidocs.org/portfolio/projects/IFC%3A27274