Construction of hydroelectric power station in Haiti financed by China
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The agreement between the two countries was signed on February 9 between Prime Minister Evans Paul and the Chinese firm Sinohydro. The memorandum of understanding details the building of the 4C dam that will give an extra 32MWs to the country's current 270MWs. This increase should give electricity to approximately 200,000 homes, affecting millions. This is the same dam that the country has being trying to build for the past nearly 40 years with little success. It's completion now, according to the Prime Minister, will be a great economic boon to the country.
Not only does the plan work in that it provides light and power to sections of the island that didn't before benefit from the current grid, it will create opportunities in the form of productivity, giving way to new businesses in some regions with the increased energy capabilities. In the past, the dam was financed by $1.5 million and $2.5 million grants from the Inter-American Development Bank and the Brazilian government respectively. With the new injection of cash from the Chinese, it should take between the next 36 to 42 months to complete the dream.
Read more: China, Hydroelectric, Energy Environment
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