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Caribbean Energy Champions

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Energy Ministers, decision-makers from the public and private sectors and energy sector thought-leaders and experts, last week accepted the challenge to become Energy Champions at the Caribbean Sustainable Energy Forum (CSEF-VIII) held at the AC Hotel in Kingston, Jamaica, from November7-9.

The Energy Champions agreed to lead the promotion of the Caribbean’s push towards the accelerated use of cost-effective domestic renewable energy sources, coupled with energy efficiency and energy management measures to transition to resilient and secure economies whilst, simultaneously, contributing to the global decarbonization goals.

On November 8, during the closing of the business sessions, Cherri-Ann Farquharson, Capacity Building and Gender Expert at the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), challenged delegates from the 15 Caribbean countries in attendance to stand to demonstrate they commitment to leading the advocacy and actions for change upon their return to their respective jurisdictions.

“We have heard multiple times, first stated during the opening session of this Forum by the Chairman of the Executive Board of the CCREEE, Dr. James Fletcher, that we need energy champions …  So, I’m going to ask those who are willing and ready to accept this call to action to be an energy champion, to stand, demonstrating that commitment to be energy champions across the Caribbean,”, said Ms. Farquharson.

All the delegates stood to signal their interest and commitment to serve as energy champions.

Specifically, Melford Nicholas, Minister of Information, Communications Technologies, and Utilities and Energy in Antigua and Barbuda; Kerryne James, Minister of Climate Resilience, the Environment and Renewable Energy in Grenada; and Konris Maynard, Minister of Public Infrastructure, Energy and Utilities, Domestic Transport, Information, Communication and Technology, and Posts in St. Kitts and Nevis, committed to not only driving change within their respective countries, but to serving as change agents who would champion the push for accelerating the use of cost-effective domestic renewable energy sources.

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The Ministers are from countries that are already among the global leaders in the promotion of renewable energy and the view is that their efforts could accelerate the collective ambition of CARICOM countries to the energy transition whilst, simultaneously, contributing to global climate abatement goals.

The Forum was held under the theme: “RE-Powering Transport”. Transport is one of the world’s three largest energy end-use sectors and although energy-use for transportation within the CARICOM region varies widely by country, in most instances, its share of total consumption within the individual jurisdictions greatly exceeds the global average. The view is that any effective regional approach toward the energy transition must address energy-use within the transportation sector in a significant way; hence the theme and focus of the Forum.

The CCREEE Chairman, Dr. James Fletcher, himself a former Minister of Energy and Climate Change in Saint Lucia, noted that “our Ministers provided synopses of what they are doing, and the Forum provided opportunity for them to talk to each, which they have been doing, so our countries can learn from the practices of each other and avoid mistakes, where possible”. Dr. Fletcher further stated that: “the commitment of a room full of delegates to serve as energy champions for the region, if nothing else, is a major step in the right direction.”

Assistant Secretary-General of Economic Integration, Innovation and Development at the CARICOM Secretariat, Joseph Cox, reiterated to delegates that, despite the fact that all Member States, albeit at different stages, are already on the energy transition pathway, the region still has a long way to go before the aspirations of attaining a rapid and just transition of the energy systems would be reached.

He further stressed the need for countries to become creative in how they manage the transition, pointing out that, in some countries, there is the realistic potential to become major suppliers of low-carbon commodities within an emerging global market that is seeking to decouple from the fossil fuel and petrochemical industry, such that their energy sectors would not only serve as enablers for the traditional economic drivers but as significant economic earners in their own right.

The Assistant Secretary-General announced that a regional think-tank would be established to complement and support the energy champions.  The think-tank is to provide technical inputs into the articulation of plans and actions, as well as the quantification of the investments, enabling environment, and requirements that are necessary for the energy transition.

Cox charged the CCREEE, in his capacity as a Member of its Executive Board, to move quickly to upscale its Project Preparation Facility, to increase its support to countries in the development of projects that are fitting and appropriate for an energy transition, not simply for cost-savings and carbon abatement benefits, but also to strengthen their longer-term sustainable development and resiliency strategies.

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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]