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 growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.