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  • Antigua and Barbuda Awaits Announcement from Gaston Browne Administration on Savings for Consumers with New LNG Plant

Antigua and Barbuda Awaits Announcement from Gaston Browne Administration on Savings for Consumers with New LNG Plant

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(REAL News) — The Gaston Browne Administration is yet to announce what savings will be passed on to customers of the Antigua Public Utilities Authority (APUA) when the Liquid Natural Gas (LNG) plant comes on stream.

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The Government has acquired two massive tanks for LNG storage, and these have been installed near the LNG Electricity Plant that should come into operation in October.

Officials say the Plant will provide enough electricity to exceed the peak use of power by more than 10 megawatts; therefore, it will be cheaper to operate and will reduce the carbon footprint of Antigua and Barbuda.

With the plant being more cost effective to operate, this ought to result in savings on electricity for consumers, Tabor says.

However, he notes that the Government has not announced how these savings will be passed on to consumers through a reduction in electricity rates.

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Accordingly, Tabor is speculating that the Administration intends to pocket those savings for itself and leave the people struggling with high electricity bills.

The public relations officer says that, in other Caribbean islands, even without the installation of new plants, electricity rates went down. He makes specific mention of Nevis, where that country’s administration cut the fuel variation charge by over 30 percent.

Other countries have helped their citizens to manage high electricity bills by cutting the Value Added Tax (VAT), as in Barbados. And in Dominica, the government exempted an additional 50 kilowatt hours per month in electricity, allowing thousands of households to get relief.

However, Tabor says, in Antigua and Barbuda the Browne government invested over $50 million in solar energy – free energy from the sun –and the electricity rates were never reduced.

Therefore, he is making an appeal to the Government to pass on any savings that might come through the new LNG Plant when it becomes operational next month.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]