Haiti - Energy : Taiwan grants a loan of about $150M dollars to Haiti - HaitiLibre.com : Haiti news 7/7

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Haiti - Energy : Taiwan grants a loan of about $150M dollars to Haiti
01/05/2018 11:05:14

Haiti - Energy : Taiwan grants a loan of about $150M dollars to Haiti
Friday, Jude Alix Patrick Salomon, the Minister of Economy and Finance announced that Taiwan (Republic of China) had granted a loan of about 150 million US dollars to Haiti, an announcement that comes at 14 months from term of President Moïse's promise to electrify the whole country 24/24 https://www.haitilibre.com/en/news-21342-haiti-flash-moise-reiterates-his-promise-of-electricity-24-24-throughout-the-country-in-2-years.html This loan, which will soon be available according to the Minister, is intended to invest in the energy sector, particularly in the construction of micro-grids for isolated regions with low population density and in the interconnection of the network emphasizing "It is It is important for the State to invest in the interconnection of the network and to allow those included in calls for expressions of interest to manage both production, billing and collection. "

Solomon reminded that the State prioritizes renewable energies and prepaid electricity consumption, aware that subsidies to Electricity of Haiti (EDH) constitute one of the most important sources of public deficits.

Note that Haiti is one of the last 10 countries in Latin America to maintain diplomatic ties with Taiwan. Indeed, after 69 years of diplomatic relations, the Dominican Republic broke off diplomatic relations with Taiwan last night and chose to establish them formally with the People's Republic of China, a partner deemed more beneficial for the future of their country.

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