Deployment of the Use of Cleaner Fuels and Renewable Energies in Barbados (IADB-BA-L1012)

  • Barbados
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 7, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Government of Barbados
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 34.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 34.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jul 22, 2016

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Project Description
The objective of this project is to enhance Barbados' energy security, by diversifying its energy matrix and promoting the use of cleaner fuels for power generation and renewable energy. Specific objectives include: to (i) upgrade existing natural gas infrastructure to ensure natural gas service continuity; (ii) increase energy efficiency and renewable energy applications within the National Petroleum Corporation (NPC)'s and Barbados National Oil Company Limited (BNOCL)'s operations; (iii) enable implementation of a Public-Private Partnership project to import and supply liquefied natural gas for power generation; and (iv) provide technical support to NPC and BNOCL to foster organizational and operational efficiency.
Investment Description
  • Inter-American Development Bank (IADB)
The cost of the program is estimated at US$34,000,000 and will be financed by the IADB´s Ordinary Capital (OC) resources. It is expected that the loan financed with resources from IADB will have a 6 year disbursement period.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).