E-Power S.A., the first private-sector power generation project in Haiti delivered on the basis of international tendering, started operations in Port-au-Prince Jan. 13, a year and a day after the devastating 2010 earthquake. The $56.7-million, 30-Mw, heavy fuel-oil-fired power plant will boost capacity in Port-au-Prince by 40%. IFC, a member of the World Bank Group that focuses on the private sector in developing countries, provided long-term $17-million financing, and syndicated an additional $12 million from the Netherlands Development Finance Company (FMO). The utility is 60%-owned by local investors with Korea East-West Power Co. Ltd, a Korean electricity utility, also holding
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.