The Inter-American Development Bank, the German development finance agency KfW and OFID, OPEC’s fund for international development, are providing the funds to finance the three-year, $48.8M rehabilitation contract.

The contract was signed by Public Works Minister Jacques Rousseau, Finance Minister André Georges, Électricité d’Haïti Director General Gary Valdemar and Olivier Richer and Marc-Antoine Blond from alstom at a ceremony held at the Ministry of Finance.

Under the project, Péligre will recover its original 54MW installed generation capacity through the overhaul of its three turbines and modernization of its electromechanical equipment and control systems. At present the 40-year-old plant operates at a fraction of its potential, forcing Haiti to rely on thermal generators.

At the same time as it restores Péligre’s generation capacity, state utility EdH will carry out investments to upgrade the power transmission line connecting the hydroelectric plant with Port-au-Prince as well the capital’s electricity distribution network. The IDB is supporting such investments with grants totaling $32M.

In addition, in partnership with the World Bank and the U.S. Agency for International Aid, the IDB is supporting a program to modernize EdH’s technical, financial and commercial management.