Early Warning System

Countries

Bahamas

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 1, 2018

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Sectors

Energy
Infrastructure

The service or industry focus of the investment. A project can have several sectors.

Project Cost (USD)

$ 17.06 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

CONTRACT AWARD INFORMATION – SUPPLY

Primary Source

Original disclosure @ CDB website

Updated in EWS Jun 7, 2023

Contribute Information
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, the project will enhance the climate resilience capacity, reduce the fossil fuel-generated electricity for street lighting, and enhance the capacity of the Bahamas Power and Light Company Ltd to implement communications infrastructure.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Caribbean Development Bank (CDB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Bloomberg, LED Roadway Lighting Ltd. (LRL) designs and manufactures light emitting diode based lighting products. The Company's products include LED based street, roadway, and area lighting fixtures and control systems. LRL markets its products worldwide.

As stated on the company's website, the roots of Bahamas Power and Light Company, Ltd. (BPL) were established in 1956 by the Electricity Act of 1956, which created The Bahamas Electric Company (BEC) as a government-owned public corporation. Today, BPL is the proud successor to BEC, building for a better Bahamas and committed to fulfilling our mandate to provide you with safe, reliable electrical power.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Bahamas Power and Light Company Ltd.	Client	Energy
-	-	-	-	LED Roadway Lighting Ltd.	Contractor	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Bahamas Power and Light Company Ltd:

Address: Baillou Hill Road, Nassau, New Providence
Phone: +2422255275
Email: pr@bplco.com
Website: https://www.bplco.com/

Contractor - LED Roadway Lighting Ltd.:

Address: 84 Chain Lake Drive, Suite 403, Halifax, Nova Scotia, Canada B3S 1A2
Phone: +19024502222
Fax: +19024500675
Email: info@liveablecities.com
Website: http://ledroadwaylighting.net/

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.