$393.7 Million to be Spent on Jamaican Energy Efficiency Project

THE Jamaican Government is to promote private sector investment in renewable energy and energy efficiency.

The Government has allocated $393.7 million in the 2014/15 Estimates of Expenditure for the Energy Security and Efficiency Enhancement project, which will seek to improve energy efficiency and security in key areas of the economy.

Amongst the work targeted for the 2014/15 fiscal year, the project will also complete feasibility studies for four potential Hydro sites; commence pre-feasibility and feasibility studies for six additional hydro sites and purchase a new Testing Chamber (and refurbishing of existing Testing Chamber) to handle Energy Efficiency Assessment for electrical appliances (including air conditioning units and small appliances) by BSJ.

Additionally, the project will develop a regulatory database for performance bench-marking ; develop and promote the small hydro sector and identification and implementation of monitoring and benchmarking instruments at the Office of Utilities Regulation, along with other aspects of energy efficiency, renewable energy and energy security work.

The project is being funded by the International Bank for Reconstruction and Development and is scheduled to be completed in June 2015.

Picture of Kingston by Antwain (Own work) [CC-BY-SA-3.0], via Wikimedia Commons

Wednesday 9th April 2014

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