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Haiti - Economy : Beginning of Green Energy Project, of $250MM, in March 2013 11/08/2012 10:04:02
Under the agreements signed, IEP has a concession to collect municipal waste, build the plant and generate electricity. At US$250MM, this is the first high-value public-private partnership agreement since January 2010 and will wean the country off imported fuels and provide significant health benefits to the residents. Under the agreement, both parties will share a percentage of the power profits as well as a percentage of the profits made from recyclable materials. The Haiti government will provide the land for the plant. The 30MW plant will be situated on 4,162ha, 10km north of Port-au-Prince and will be powered by the 2,000t of waste generated each day in the capital's seven municipalities and two municipalities to the north, said Enzo Zoratto, adding that the Haiti's current lack of effective waste management "is an impediment to economic development as well as one of the largest contributors to poor health in the country." The waste-to-energy plant will also help offset the country's 800MW shortfall in electricity generation and reduce the reliance on diesel fuel and heavy fuel oil. Some 80% of power production in the country uses diesel fuel, consuming an abnormally high percentage of GDP, stressed the COO of International Electric Power. Construction is expected to start at the beginning of March 2013 with the plant becoming fully operational by March 2015. The waste collection program will be funded by IEP through the power production profits and Spanish company Ros Roca will provide 136 different types of vehicles to collect 100% of the waste generated in the capital. While the plant is in construction, "100% of the capital's waste will be collected and sent to a landfill, and when the plant becomes operational, all of the waste will be redirected there," informed Zoratto. The US Overseas Private Investment Corporation (OPIC) is expected to provide the funding for the project as conditions in Haiti mean that "we aren't able to attract major private or commercial institutions at this time." Asked whether the waste-to-energy market poses significant opportunities for other investors, Zoratto estimates that there is "probably sufficient waste for another two plants in the country. The technology is suitable for all the major centers in the country and so all you need is enough waste." See balso : https://www.haitilibre.com/en/news-5574-haiti-economy-$250-million-to-convert-waste-into-renewable-energy.html HL/ HaitiLibre
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