E-Power is private company that owns and operates a state-of-the art 30-megawatt heavy fuel oil power station located in Drouillard, Cite Soleil. It produces and sells electricity to the state-owned utility, Electricité d'Haiti (EDH), under a 15-year Power Purchase Agreement awarded competitively following an international request for proposal supervised by the IDB and the World Bank. It is the first Haitian independent power producer to receive international funding.
Through operational efficiency and fuel savings, the project saves US $20-30 million every year to the Haitian economy: an economic return in excess of 40% compared to hard investment costs of around US $60 million.
Local and international economists, financial analysts and investors all agree: this US$ 59 million project will play an important role in Haiti's recovery as it creates jobs, stimulates local investments and develops infrastructure that will improve the quality of life of the Haitian people while boosting economic development.
"The impact of this investment on the local energy sector and economy are expected to be very positive, especially for the small and medium-sized enterprises." - Jurgen Rigterink, Chief Investment Officer of FMO.
"International Finance Corporation is very pleased to support E-Power, a project addressing a fundamental energy need that will improve the living standards of people in Haiti and the
country's productivity"- Salem Rohana, IFC Representative for Haiti and the Dominican Republic (2007-2010).
"E-Power stands as a testimony to what has been achieved in the country under the most challenging environment imaginable." - Bernard Sheahan, IFC Director for Infrastructure in Latin America and the Caribbean
We lead competent and motivated staff, to produce and deliver electricity competitively and profitably to Haiti and beyond, building long-term relationships, in the interest of all our stakeholders and based on quality service, high ethical standards, world class safety standards and environmentally sound practices.
Rue Lisius, Drouillard
HINSA Free Zone Park
Phone: +509 2813-0015
Direct USA: +1 (954) 323-4315
Fax USA: +1 (954) 333-9836