Support to improve sustainability of the electricity service in Suriname

Sustainable energy
COUNTRIES
Suriname
DATES
Jun/2015 - Jun/2024 ONGOING
PROJECTED TOTAL INVESTMENT SIZE
€ 27 970 000
EU CONTRIBUTION
€ 5 200 000
SECTOR
Sustainable energy
TYPES OF SUPPORT
Investment Grants
Technical Assistance
DESCRIPTION

The objective of this IDB-led project is to contribute to the sustainability of the power sector by strengthening the National Electricity Company’s operational procedures and corporate performance, and by improving the sustainability of rural electricity supply. This intervention contributes to the reduction of generation costs, the review of the current tariff structure, the assessment of options for power generation using low carbon technologies and the improvement of access to sustainable energy.  

The project is part of the National strategy to design and implement a Sustainable Energy Framework and LACIF finances in particular the installation of solar photovoltaic systems and the required power distribution grid in 10 different locations of the Upper Suriname river basin, in the Sipaliwini district. 

    RESULTS
    • Provide population with access to electricity and reduce generation costs.
    • Reduce greenhouse gas emissions by using low carbon technologies.
    LEAD FINANCING PARTNER
    CO-FINANCING PARTNERS
    CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS