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Barbuda will run on 100 per cent renewable energy

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The Chief Negotiator in the Green Barbuda Energy Project announced that the 100% green energy project that is financed by the United Arab Emirates (UAE) to the tune of US$4,000,000, will make Barbuda the first island community that meets its energy needs 100% from renewable sources.

Although a new diesel plant is to be added to the mix, the batteries that will store excess energy in the daytime will carry sufficient to meet the needs at night.

The Prime Minister recalled that during one of his visits to the UAE, following Hurricane Irma in 2017, he persuaded the Emir to double the dollar amount earmarked for the project.

It was agreed and several components were then added to the approved project which had its beginnings at the Antigua and Barbuda Mission to the United Nations.

The Prime Minister, through the Cabinet, thanked the official present and the members of the UN Mission for their vigilance in pursuing this project to near-realization.

Background

A partnership between the UAE-Caribbean Renewable Energy Fund, the Caricom Development Fund, the New Zealand Ministry of Foreign Affairs and Trade and the Government of Antigua and Barbuda will build a resilient renewable energy system on Barbuda, where electrical infrastructure was destroyed by Hurricane Irma in 2017.

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Over USD 10 million dollars will be provided by these partners to build a new climate-resilient, reliable and sustainable source of energy to be distributed around the island of Barbuda. Hurricane Irma had destroyed 95% of the island.

The UAE-CREF will be leading the project, and the Abu Dhabi Future Energy Company, Masdar, will be responsible for the project’s design and its implementation.

Sir Robin Yearwood, Minister of Public Utilities, Civil Aviation, Transport and Energy of Antigua and Barbuda expressed his gratefulness to the project’s contributors, saying: “This project will be a core component of the efforts by our government to transform Barbuda into possibly the first truly climate-resilient community in our region and doing this within a sustainable energy framework. This will also serve as a model for other Caribbean SIDS (Small Island Developing States).”

The Chief Executive Officer of the CDF, Rodinald Soomer state that “This project is also consistent with the CARICOM Energy Policy, which aims to accelerate the deployment of renewable and clean energy sources to increase diversification and affordability. (…) This includes investing in climate-resilient infrastructure”.

“The New Zealand Ministry of Foreign Affairs and Trade is pleased to support this initiative in Antigua and Barbuda. Supporting energy security and climate resilient infrastructure is key to sustainability for small island states in the Caribbean and Pacific. This initiative continues our partnership with the UAE Government in delivering renewable energy projects for small island states and the most vulnerable communities in the Caribbean and Pacific”, added New Zealand’s Ambassador to the UAE, Matthew Hawkins.

This project will include a hybrid solar-diesel power station, with hurricane-resilient battery storage. The plant will save the Government of Antigua and Barbuda over USD 320 000 a year and offset 690 tonnes of carbon dioxide annually.

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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]