Caribbean governments have been urged to urgently work together to come up with a Renewable Energy Policy which will ensure the sustainability of the sector.
Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith OBE in an address at Caribbean Electric Utility Service Corporation (CARILEC) Forum held here this week, stated that such a policy is needed as it would outline the implications of energy supply. He pointed out that if Caribbean Governments can collaborate and design a plan to safeguard the region’s energy future, it would accomplish a major task for the Caribbean people
He added, “We know that energy is fundamental to the quality of our lives. We know that we are totally dependent on an abundant and uninterrupted supply of energy for living and working. We know that energy is a key ingredient in all sectors of modern economies. We know that demand will increase significantly in the future. This regulatory forum is quite timely, as it seeks to further discuss guiding principles for creating an enabling environment for regulation in the Caribbean.”
Premier Smith reaffirmed his Government’s commitment to safeguarding the Territory’s energy future and ensuring energy security. “My Government remains very committed to the tenets of renewable energy, energy security, sustainability, reducing the cost of energy, reducing the dependence on fossil fuels and environmental protection,” he stated.
The CARILEC Regulatory Forum was hosted by BVI Electricity Corporation (BVIEC) in conjunction with the World Bank and United Kingdom Foreign and Commonwealth Office UK (UK FCO) under the theme “From Grid Lock to Grid Tied.” The conference was followed by the Regulatory Forum on Renewable energy.
The Caribbean Electric Utility Service Corporation (CARILEC) is an association of electric utilities, suppliers, manufactures and other stakeholders operating in the electricity industry in the Caribbean. CARILEC was established in 1989 with nine (9) members as part of an electric utilities modernization project funded by USAID and implemented by NRECA under a five-year “Co-operative Agreement.”
Currently, CARILEC comprises a total of eighty eight (88) members. This includes thirty two (32) Full Members that are electric utilities and fifty two (52) Associate Members that are companies involved in some aspect of servicing the electric utility business and four (4) Affiliate Members.