The project will be the responsibility of Taiwan's Overseas Engineering and Construction Co. and could take around two years to complete, he noted.
The deal will help Haiti build new or upgrade existing electrical substations, electricity distribution networks and transmission towers, and help train people who will be responsible for maintaining the grid, according to MOFA.
Once the deal is sealed, it will become the first project launched with an ally under Taiwan's Official Development Assistance (ODA), a program designed to help countries develop their infrastructure while also getting business for Taiwanese contractors, according to MOFA.
Previously commenting on Taiwan's ODA program, Foreign Minister Joseph Wu (???) said that strategic loans to Taiwan's diplomatic allies are designed to create "win-win-win situations" and do not represent a return to checkbook diplomacy to compete with China for those allies' allegiance.
During a legislative hearing in May, Wu told lawmakers that Taiwan is no match for Beijing and has no intention of competing with it in offering astronomical sums to lure allies.
"We are not competing with China over allies with financial aid. We are genuinely offering help to them," he said.
Source: Focus Taiwan News Channel