📋 Tender Overview
Activity Id:
68450
Project Number:
BLZ-2750BXCOMD-ENRGY SCTR-0536
Implementing Partner:
U.S. Government - Millennium Challenge Corporation
Activity Start Date:
N/A
Activity End Date:
N/A
Country:
Belize
Country Code:
BLZ
Region:
Western Hemisphere
Funding Agency:
Millennium Challenge Corporation
Managing Agency:
Millennium Challenge Corporation
Fiscal Year:
2024
Current Dollar Amount:
$909,000
International Sector:
Energy
USG Sector:
Infrastructure
Description:
Belize Compact - Energy Sector Project - Facilitating Renewable Energy Generation: the Facilitating New Lower-Cost Renewable Generation Activity aims to support Belize to implement their utility-scale renewable energy expansion plans while maintaining the stability of the grid. The expected outcome is the signing of new power purchase agreements for low-cost renewable generation. To accommodate the variable and intermittent supply of power from solar energy without compromising reliability and/or power quality, the Activity shall also support BEL and the PUC to modernize the grid...(A) Advisory Services for Development of New Renewable Independent Power Producer Generation Sub-activity: This Sub-activity aims to support Belize to successfully manage all phases of the project lifecycle for securing power purchase agreements both through independent power producers and government-owned plants...(B) Blended Finance Sub-activity: This Sub-activity aims to incentivize bidders to propose a lower price for the sale of electricity than would otherwise be possible. Specifically, this Sub-activity is designed to provide blended finance in an amount up to $100,000 per MW of capacity for renewable energy to support private sector investment in this sector...(C) Grid Modernization Sub-activity: This Sub-activity shall support the upgrade of the grid and its operations regime to accommodate a high penetration of variable renewable energy...(D) Improved Policy and Regulatory Framework for Sector Planning and Operations Sub-activity: This Sub-activity aims to support Belize to improve the policy and regulatory frameworks to facilitate efficient planning, regulation and operation with the flexibility required of modern systems with a high proportion of variable energy. This Sub-activity may support but is not limited to technical assistance to MPUELE and the PUC.
