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IDB launches call for proposals from startups in the Caribbean

IDB launches call for proposals from startups in the Caribbean

 

WASHINGTON, Jun. 20,   CMC – The Inter-American Development Bank (IDB) has launched a call for proposals that will reward the most disruptive ventures in Latin America and the Caribbean that are using innovation to improve lives.

The Washington-based financial institution said the selected startups will participate in Demand Solutions Chile, which will take place on November 21 in Santiago, Chile.

Demand Solutions is the IDB’s flagship innovation event that brings together “the world’s most forward-thinking minds to share creative solutions to the development challenges in Latin America and the Caribbean,” the statement said.

In this edition, the IDB said startups can participate in two thematic areas.

In the first, they must provide solutions in four categories related to the cultural and creative industries: Design with social sense: sustainable fashion, smart fashion, urban art, wearable technology; and multimedia that improves lives: videogames, digital content, audiovisual content.

The other categories are: New technologies: 3D printing, blockchain, internet of things, artificial intelligence, machine learning, robotics; and export of services to global markets: production and commercialization of cultural content, export of goods and creative services.

The IDB said the 10 most innovative startups in the creative industries will be selected to participate in Demand Solutions Chile with all expenses paid for one representative per startup.

The first place will receive financial support to continue with its development, the IDB said.

Additionally, the IDB said this edition of Demand Solutions will also reward five startups that provide solutions to water and sanitation challenges in the region.

Since 2009, the IDB said along with Fundación FEMSA it was awarded the Water and Sanitation Prize for Latin America and the Caribbean “to recognize and stimulate the most innovative solutions in the water, sanitation and solid waste sectors.”

The startups interested in participating in Demand Solutions must present a solution proposal to a development challenge before July 15, the IDB said.

It said the representatives must be over 18 years old.

Winners will be notified by mail in early September 2018.

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Bulbs

CARICOM moving to phase out incandescent bulbs by September

GEORGETOWN, Guyana, May 9, CMC – Caribbean Community (CARICOM) countries are expected to complete the phase out of the use of incandescent bulbs by September this year, the Guyana-based CARICOM Secretariat announced Wednesday.

It said the regional countries are undertaking the project to become more energy efficient, on the basis of a mandate from the CARICOM Energy Ministers.

BulbsThe Secretariat said that the plans for the phase out programme are now being developed by the CARICOM Secretariat and the CARICOM Regional Organisation for Standards and Quality (CROSQ).

The programme will include a roadmap to reduce the import and sale of incandescent light bulbs within the region, and will guide and support countries in the establishment of regulations and actions for the phasing out exercise.

“If all goes according to the plan, incandescent bulbs will gradually be phased-out as energy efficiency standards for lighting are phased-in. The phase-out schedule could begin as early as January 2019 with the 100 watt incandescent bulbs, with further restrictions on smaller lamp sizes entering into force in incremental stages over a number of years,” the Secretariat noted.

The decision to develop the phase-out programme was taken at the recently-concluded meeting of CARICOM Energy Ministers as part of the menu of quality measures that are being undertaken to steer the Community towards energy efficiency and sector regulation.

The incandescent light bulbs have existed for 130 years and are inefficient because they waste most of their energy. They are very cheap to manufacture and purchase, but only five per cent of the input power is converted into visible light, with the remainder converted into waste heat.

Hence, they are expensive to operate and lead to high electricity bills for households and businesses that use them. The natural successors to the incandescent bulb are compact fluorescent lamps (CFLs) and Light Emitting Diodes (LEDs). These use 60-90 per cent less energy than incandescent lighting and offer a much longer lifespan, the Secretariat noted.

It said that in 2015, the CARICOM Ministers had approved energy perform standards for CFLs and LEDs. These standards protect consumers from “underperforming products” while simultaneously protecting importers of highly efficient products from competitors saturating the market with “cheaper”, low performance products.

“Effort is being made for the standards for CFLs and LEDs to be adopted at national levels before year end as an assurance of quality in the efficient lighting alternatives. This is a precursor to the removal of inefficient incandescent bulbs from CARICOM markets.”

Cuba was the first country in the world to successfully complete the phase-out of incandescent bulbs. In 2007, the Caribbean country banned the import and sale of incandescent bulbs and implemented a programme for their direct substitution with CFLs in households.

According to reports, about 116 million incandescent bulbs were replaced by CFLs in every household in Cuba, resulting in peak demand savings of about 4,000 MW and eight million tons of carbon emissions.

Regional Energy Efficiency Building Code

Among the other steps that the region has taken on the road to energy efficiency is the development of an Energy Efficiency Code for buildings within the CARICOM.

The Energy ministers at their meeting here last month also approved the 2018 International Energy Conservation Code, with the accompanying Caribbean Application Document, as the Regional Energy Efficient Building Code (REEBC).

The establishment of the REEBC is a very important step in creating a clear and generally-accepted framework for maximising the efficiency of the “total” energy services in buildings.

“The approval paves the way for the systematic implementation of the principles and practices related to, among other things, energy efficient lamps and lighting. The phase out of incandescent bulbs is consistent with the requirements of the recently approved Energy Efficiency Code for CARICOM buildings,” the Secretariat added.

It said within CARICOM, successful implementation of the REEBC could eliminate 15,000 barrels of imported oil and save an estimated one million US dollars in foreign exchange every day.

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cdb

CDB adds electric vehicle to transportation fleet

BRIDGETOWN, Barbados, May 10, CMC  – The Barbados based Caribbean Development Bank (CDB) has added an electric vehicle to its transportation fleet, as part of its commitment to advance a clean energy agenda in the Region.

cdbThe vehicle, a Nissan Leaf Tekna purchased through the company Megapower Ltd. – based here, produces zero emissions and will reduce the Bank’s carbon footprint as it transports packages and officials throughout the island.

Energy security is a consideration integrated throughout CDB’s work ,both within the organisation and throughout its Borrowing Member Countries, under the Bank’s 2015-2019 Strategic Plan.

In 2015, CDB adopted an Energy Sector Policy and Strategy that set out the CDB’s approach for tackling the Region’s energy challenges, including emphasising energy security and access; prioritising renewable energy and energy efficiency; and promoting a holistic approach to energy sector

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Darcy Boyce

COTED meeting agrees on CCREE full operationalisation

GEORGETOWN, Guyana, Apr 20, CMC – The Special Meeting of the Council for Trade and Economic Development (COTED) on Energy has ended here with an agreement that work has advanced towards the full operationalisation of the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) by the middle of this year.

Minister of State in the Office of the Barbados Prime Minister, Darcy Boyce, who chaired the one-day meeting on Thursday, said “we can then move forward with appointment of the executive board and staffing of the Centre”.

Darcy Boyce
Darcy Boyce

Montserrat became the latest Caribbean Community (CARICOM) country to have deposited its instruments of ratification of the agreement establishing the CCREEE.

Barbados, Dominica, Jamaica and Belize are the other CARICOM countries that have deposited their instruments of ratification.

The Centre is intended to function as the implementation hub for the CARICOM Energy Policy, as well as the Caribbean Sustainable Roadmap and Strategy (C-SERMS). I

n 2015, CARICOM leaders approved the establishment of the CCREEE and identified Barbados as the host country for its Secretariat. The COTED agreed to interim operations of the Centre in January, 2016 and on Thursday, the meeting agreed on decisions related to the transition from that interim stage to the first operational phase.

When fully operational, the Centre is expected to improve the quantity and quality of programmes and projects in sustainable energy within the region.

“We had a very useful meeting, and I expect that we would have put ourselves in a position to achieve a lot more in the energy sector, in renewable energy and energy efficiency over the next few years,’ Boyce said, adding that “good progress” had also been made on the matter of labelling of energy efficient equipment within the region.

He said this step would ensure that people knew “exactly what they were getting” when they bought equipment and sought to encourage them to acquire more efficient equipment and appliances for their properties.

The meeting also approved a pilot programme which will get underway shortly to promote energy efficiency in commercial and residential buildings. Substantial discussions were held on integrating climate resilience into the C-CERMS against the background of the region’s vulnerability to intense climate-related events.

The one-day meeting also discussed insurance and electricity disruption.

“We felt that we needed to discuss ways in which we could get the work done to guide us… to become more resistant to those situations, and to help us to recover faster” when there are natural disasters,” Boyce said.

He said the ministers also took stock of the availability of technical assistance under the CARIFORUM Regional Programme for Energy under the 11th European Development Fund (EDF) to get the resources that were necessary for studies and to implement projects to grow the energy sector.

The ministers also had “robust” discussions on oil and gas in the Region. A working group is to be established to consider how there could be deeper cooperation and more advice available on the technical matters on that sector.

Boyce had at the start of the meeting made reference to the region’s oil and gas sector, and its potential to benefit the populace.

“While we are all determined to make sure that we benefit as best as we can from renewable energy and energy efficiency, we all also have to bear in mind that if we are the owners of resources, we ought not to let those resources stand there idly, but we should use them for the benefit of our countries and for the Region.

“So I am very glad that we are not shying away from the matter of oil and gas. It is a matter of balancing … oil and gas, with the natural resource of sunlight, and wind, and water. And this is what it is all about: optimising, getting the best mix of those resources to give our people and our economies what they need”, he said.

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Paul Collier

Government urged not to invest in oil refinery

GEORGETOWN, Guyana, Mar 24, CMC – An internationally recognised economist is urging the Guyana government not to invest in a local oil refinery noting that refineries attract large amounts of capital expenditure.

“The whole oil industry is going to tether out in 2040. You might be left with a great lump of technology off your shores which has no use,” said Professor of Economics and Public Policy at Oxford University, Sir Paul Collier.

Paul Collier
Sir Paul Collier

Sir Paul, who was here participating in a special high-level Cabinet caucus on the development of the country’s oil and gas industry,  told reporters that the margin on returns for refining oil is very small.

He also advised that the government avoids subsidising gas because “that way the society ends up drinking what it should be accumulating”.

Sir Paul said he is confident that the Guyana government will learn as the oil and gas industry develops, what are the best investments, taking into account the unpredictability of the market.

Minister of State, Joseph Harmon has already stated that the government will take on board all recommendations before making any decision on the establishment of an oil refinery.

“We have to take on board all of the advice that is given and then at the appropriate time the Minister (of Natural Resources) will bring a memorandum to Cabinet upon which we will cogitate and make a decision that is in the best interest of the people of Guyana,” Harmon said.

Last year, Pedro Haas, Director of Advisory Services at Hartree Partners, who was tasked with carrying out a feasibility study for an oil refinery in Guyana, said that the cost to construct an oil refinery would be in the vicinity of five billion US dollars.

The feasibility study found that it would be too costly for the government to invest in an oil refinery.

The consultant, whose services was secured through the New Petroleum Producers Group by the London-based Chatham House, said that the final results of the study showed that Guyana would be “destroying over half the value of your investment the day you commission your refinery”.

 

Further, Sir Paul suggested that the government examines the idea of establishing a national oil company, not to conduct off-shore drilling, but to operate as a minority equity partner to build expertise in the operation.

He said this will better position the Government in decision-making, policies and future engagements with other oil companies seeking to invest in the country’s oil and gas industry.

The British expert re-emphasised the need to have a national conversation on these and other issues to chart a common course forward.

The government said the objective of the caucus was to move preparations to a deeper level of engagement on issues such as prioritizing spending on infrastructure, agriculture and social programmes, inter-generational savings, geo-political considerations, legal and institutional strengthening, benefit sharing and engagement and involvement of the people of Guyana.

It has indicated that similar exercises will be held in the coming months.

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oil spill

PCJ seeks to assure measures being taken to preserve environment as it searches for oil and gas

 
KINGSTON, Jamaica, Mar 21, CMC – The Petroleum Corporation of Jamaica (PCJ) says it is taking all measures to ensure environmental preservation during its search for oil and gas on the island’s south coast.

PCJ’s Oil and Gas Manager, Brian Richardson, told a Jamaica Information Service (JIS) Think Tank that protection of the environment while undertaking its engagements is a pivotal part of the entity’s mandate.

oil spillHe said that the Corporation and its partner in the exploration exercise, Tullow Oil, have been abiding by this in accordance with stipulations from the National Environment and Planning Agency (NEPA), which is monitoring the project.

Richardson said NEPA, as an independent body, “has looked at what Tullow Oil is doing and has seen that they are doing the appropriate work, which is reflected in the international community”.

He noted that two 2D surveys have already been conducted by the companies, and “we have not had any issues.

“We are going to go through it a third time, and I don’t believe we are going to have any issues,” he added.

While pointing out that environmental risk is an ever-present possibility, Richardson said that “the way you manage it is to try and reduce that actively, and we have a company who actively pursues that”.

He said that in addition to the seismic vessel, there will also be smaller scout vessels around to protect fragile marine environment so that the various life forms do not cross the path of the large vessel.

PCJ Manager Corporate Affairs and Communications, Camille Taylor, said the survey vessel will also have marine mammal observers on-board.

She noted that these individuals have the authority to stop the survey if they think there is any risk to marine life, adding that “they will pretty much be directing when and where (things are done), and their top priority will be to preserve marine life”.

Taylor said that “as it is, seismic surveys are non-invasive and they (persons conducting the exercise) tend to be very respectful of marine life.

“The PCJ is taking every precaution, (and) with NEPA and the marine mammals observers on board, it is assured that marine life will not be harmed”.

Oil and gas exploration activities being undertaken by the PCJ and Tullow Oil, which began with an agreement in 2014, will shift into a higher gear with the initiation of the first-ever 3D seismic survey in the waters off Jamaica’s south coast between the Pedro Banks and Portland Cottage this month.

PM says electoral victories in Grenada and Antigua send strong messages

March 23, 2018
186 views
 

ROSEAU, Dominica, Mar 24, CMC – Prime Minister Roosevelt Skerrit Friday said that the “clear and strong mandates’ given to the incumbent governments in Grenada and Antigua and Barbuda should serve them to implement policies geared towards “the re-fashioning and revitalisation” of their respective economies.

Browne skerrit
Prime Minister Gaston Browne (left) and Prime Minister Roosevelt Skerrit (right) with CARICOM Secretary general irwin La Rocque (File Photo)

Speaking on the state-owned DBS radio, Skerrit in extending congratulations to Prime Minister Gaston Browne, whose Antigua and Barbuda Labour Party (ABLP) won 15 of the 17 seats in Wednesday’s general election, said it showed that as in the case of Grenada, the electorate had “evaluated all options and determined it would be better not to tinker or tamper with a formula that is working.

“All may not be well with everyone and for everyone in Antigua, but voters obviously took the picture and broader picture into consideration and stick with the incumbent party,” Skerrit told radio listeners,

“I believe the message we can draw from both the Grenada and Antigua election outcomes is that stability at this time is crucial. If what you have is working for you then it is better…to stay with it.

“These large mandates have given each respective government the opportunity to make hard but needed decisions with respect to the re-fashioning and revitalisation of their respective economies,” Skerrit said, warning that ‘these economies in the English-speaking Caribbean are at a very crucial stage.

“We cannot wish natural disasters away nor can we pretend that there aren’t international forces acting against our very best interest. Therefore governments in the region need a mandate to act and I think both the Grenadian and now the Antigua and Barbuda governments have been given such a strong and clear mandate to bring about needed reforms”.

Prime Minister Dr. Keith Mitchell led his New National party (NNP) to a complete washout of the opposition National Democratic Congress (NDC) in Grenada winning all 15 seats for the second consecutive occasion on March 13 and the third time overall since 1999.

Skerrit said that he was looking forward to working with both governments “in the furtherance of the CARICOM (Caribbean Community) and OECS (Organisation of Eastern Caribbean States) missions and agenda.

“To the losing NDC in Grenada and the UPP (United Progressive Party) in Antigua and Barbuda, I commensurate with Mr. Nazim Burke and Mr. Harold Lovell, I wish their respective organisations the very best wishes in their efforts to re-organise and re-position themselves.”

Skerrit said that in the case of Antigua and Barbuda, where “hundreds” of Dominicans reside, the outcome of the election was important.

“It was important for us that these elections were conducted in atmosphere of free from fear, violence or intimidation. We wish the very best for Antigua, because when Antigua prospers, Dominican families prosper as well”

But as he has said in the past, Skerrit reiterated that opposition parties in the Caribbean were becoming very critical of existing government policies without having developed any meaningful alternatives.

“It speaks to the fact that electorates are really in many instances fed up with the negative rhetoric coming in from political quarters,” he said, including his own country as part of that malaise.

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UAE-Caribbean Renewable Energy Fund launches second funding cycle

UAE-Caribbean Renewable Energy Fund launches second funding cycle

ABU DHABI, 14th January 2018 (WAM) — The UAE-Caribbean Renewable Energy Fund, valued at AED183.6 million (US$50 million), has launched its second funding cycle by establishing partnerships with seven new Caribbean countries, on the sidelines of Abu Dhabi Sustainability Week 2018, with

the aim of promoting its role in developing the renewable energy sector in Belize, the Dominican Republic, Grenada, Guyana, Haiti, Saint Kitts and Nevis, and Saint Lucia.

During the fund’s announcement on the sidelines of 8th session of the International Renewable Energy Agency, IRENA, General Assembly, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has stated that the UAE has a prominent international role in promoting

renewable energy solutions and finding effective solutions to key challenges facing renewable energy projects and innovations, which is reflected in the availability of necessary funding and investments in the country.

He added that the UAE-Caribbean Renewable Energy Fund, which was launched last year during the Abu Dhabi Sustainability Week 2017 to finance a series of renewable energy projects, is one of the country’s key initiatives to promote relevant global energy solutions.

The announcement on the launch of the fund’s second funding cycle, which will include establishing projects in the nine Caribbean countries and add to existing projects in five countries in the region that were launched during the first funding cycle, highlights the UAE’s commitment to support international efforts related to the global transformation of energy, he further added.

Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation, said that these new projects, which will help to consolidate the UAE’s relations with Caribbean countries, have promising qualities in terms of decreasing economic costs, limiting environmental pollution, improving the living standards of the people of these countries, and enhancing the services offered to them.

WAM/Hazem Hussein/Hatem Mohamed

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EME press conf DSC_3689

Early Market Engagement of Montserrat’s geothermal energy continues

On Tuesday morning, January 23, 2018, the Hon. Minister of Energy Paul Lewis and his energy team, met and hosted officials from Thermal Energy Partners (TEP) out of the USA and Alquimi Renewables, in an Early Market Engagement (EME) to review the sites, and present an initial proposal for the geothermal project.

They later met members of the press to discuss their vision for supporting Montserrat’s push to run on 100% renewable energy.

Minister Lewis explained, as he reminded that the exercise began since November last year: “…we are proceeding with the Early Market Engagement so that we can capture the necessary technical information, the possible designs and of course maybe most importantly possible financing model going forward.”

Bruce Cutright of TEP said Montserrat was sitting on a gold mine, adding that the tough work had already been done by investing in the exploration of the wells. He said they were interested in offering up to 100% financing for the building and operation of a geothermal power plant. However, Minister Lewis shared that it is important to him that Montserratians have a stake in the project moving forward.

Cutright said: “High prices of energy can stop growth, can limit growth and can make the cost of living for the individual citizens of an area extremely expensive; and conversely if Government of Montserrat develops their energy resources they will cut their price of energy here on the island by at least 50%.”

The well researched Cutright said that although the early assessments have put the output power of Well 1 and 2 at around 3MW he is confident there is much more, which can be the basis for the regeneration of Montserrat’s economy by lowering costs to consumers and attract businesses who need cheaper energy.

“With that kind of inducement in the economy,” he continued, “you’ll see growth in industries wanting to move here, in resorts wanting to move here and the underlying benefit of each individual citizen would be increased tremendously”

He also revealed that TEP is currently a partner with the Nevis Government in its geothermal project. He said TEP is, “excited about submitting a formal response to Early Market Engagement and we hope that we can go forward and really become a partner with the Government of Montserrat.

The geothermal exploration of Wells Mon1 and 2, as well as a third, has been funded by the Department for International Development (DFID).

DFID Infrastructural Advisor Iftikhar Ahmed reported that work on Well 3 which was halted after a partial collapse in 2017 said a new agreement is being completed for the resumption of work at the third site, which he expects will be in the next couple of weeks.

Mr. Indranil Ahmed (newly appointed Infrastructure Advisor for Montserrat, St Helena and Tristan da Cunha for of DFID) also indicted that the Mon3 well is not critical to developing geothermal energy in Montserrat. However there is an intent to use one well for reinjection of fluids after heat has been extracted to generate electricity. DFID is committed to the development of three wells, including rehabilitation of the third well, which is now at 2.4 km depth.

DFID’s focus going forward is on a public-private partnership engagement towards successfully developing Montserrat’s geothermal resource, as the current plan does not involve DFID funding the development of a power plant. But, they will maintain their commitment to the short and long-term testing of the resource.

This is the second EME visiting event that the Government of Montserrat has done for the generation of geothermal power.

Late last year, Exergy was the first company to have participated in the initiative. Minister Lewis revealed that a potential six companies in total have expressed interest, informing that  the Government of Montserrat is exploring the possibility through expressions of interest of concretizing a public private partnership going forward there are a total of six companies have indicated an interest in bidding on the project.

(See related on the Geothermal development – “gold mine” here https://www.themontserratreporter.com/montserrats-geothermal-energy-gold-mine/)

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EME press conf DSC_3689

Montserrat’s Geothermal Energy “gold mine”?

Thermal Energy Partners of Texas suggests that Montserrat’s accessible geothermal energy resource is potentially 100 million watts

Geothermal energy for Montserrat is not just for the sake of renewable energy, (going green) unless it is the ‘game changer’ it has been touted to be. Hence the question, of significance now.

by GEM

BRADES – As the Government of Montserrat continues its “early market engagement” [EME] for geothermal energy development, on Tuesday January 23rd, it met with Mr Bruce L Cutright[1] of Thermal Energy Partners[2] [TEP], a Texas-based firm that is working to develop Nevis’ Geothermal energy resource. During the press conference held at the Ministry of Public Works, Mr Cutwright suggested that – given the temperature and fluid flow characteristics of Wells Mon 1 and Mon 2 – Montserrat may have up to 100 Million Watts of accessible geothermal energy. He also suggested that US Government research laboratory data indicates that costs for electricity could be reduced up to thirty to fifty (30 – 50) percent.

TEP is therefore offering itself as a potential partner for developing geothermal power in Montserrat on a public-private partnership, commercial basis.

An initial development would be likely to be 3 – 5 million watts. (Montserrat’s current peak electrical load is a bit over 2 million watts.)

When Mr. Cutwright was asked by TMR about the suggested potential reduction in cost of electricity, he explained that based on US Department of Energy [DoE] data, geothermal electricity is commonly produced at a “levellised cost” of US$ 0.05 – 0.12 per kWh [kilowatt hour]. He then suggested that our current costs to produce electricity are about US$ 0.38 – 0.55 per kWh. He further suggested that the reduction in cost to produce electrical energy could then lead to moving the price from about US$ 0.45 – 0.50 per kWh to possibly US$ 0.25 per kWh, hence reduction by a third to a half. However, TMR notes that specific, “hard” numbers will depend on the particular design of the plant to be developed and on various linked financial decisions. Transparency about the process is in the public interest.

Mr. Cutright also indicated that in neighbouring Nevis, TEP has helped to identify a geothermal resource of 100 – 400 million watts and is working with the Government of Nevis in a partnership to develop geothermal energy there. (Official sources there suggest 300 million watts and there are indications that some estimates are as high as 650 million watts.) The proposed initial plant size there is to be 9 million watts.  For Nevis, Mr. Cutright indicated that there is a contract to provide electricity at US$ 0.19 per kWh, of which the Government of Nevis gets US$ 0.025 – 0.030.

Encouraged by developments in Nevis, the Government of St Kitts-Nevis is also looking to develop identified resources in St Kitts and to explore interconnectivity with Nevis as well as possibilities for export.[3] Such export will require undersea power cables, which will therefore be within a few dozen miles of Montserrat.

A September 3rd 2016 Carib Journal article[4] indicates that the Government of Antigua and Barbuda has also signed a memorandum of agreement with TEP towards developing a Organic Rankine Cycle geothermal plant with ten million watts of capacity.

In a related development, Mr. Indranil Ahmed (newly appointed Infrastructure Advisor for Montserrat, St Helena and Tristan da Cunha for of DFID) has indicted that the Mon3 well is not critical to developing geothermal energy in Montserrat. However there is an intent to use one well for reinjection of fluids after heat has been extracted to generate electricity. DFID is committed to the development of three wells, including rehabilitation of the third well, which is now at 2.4 km depth.

 

DFID’s focus going forward is on a public-private partnership engagement towards successfully developing Montserrat’s geothermal resource.

[1]     See: http://www.thermalep.com/leadership

[2]     See: http://www.thermalep.com/about-thermal-energy-partners

[3]     See: http://newenergyevents.com/st-kitts-finalizing-geothermal-agreement-will-explore-interconnect-to-nevis/

[4]     See: https://www.caribjournal.com/2016/09/03/antigua-barbuda-develop-geothermal-energy/#

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Guyana venezuela border

ExxonMobil offers financial assistance to settle border controversy – report

GEORGETOWN, Guyana, Dec. 3, CMC – The government of Guyana could be getting help from US oil giant ExxonMobil, in its efforts to have a judicial settlement of the border controversy with Venezuela.

According to News Source Guyana, Government sources have reported that the company has set aside just under US$20 million to assist Guyana with legal fees and other costs that could be incurred once Guyana moves to have the judicial settlement of the border controversy.

Guyana venezuela border“Our national sovereignty is riding on this issue and it will be remiss of us if we are not prepared and all resources are not put in place. The actual amount is more than GUY$15 million but less than GUY$20 million. This is not the first time we are going this route as it was done with the CGX Energy and Suriname after the June 2000 incident with the Surinamese coastguard. The PPP was then in office. This is nothing new. This is not a signing bonus, but rather we are garnering the resources to prepare for the case. This is a sovereignty issue,” the source was quoted as saying.

Venezuela contends that the Arbitral Award of 3 October 1899 demarcating the border between Guyana (British Guiana at the time) and Venezuela is null and void. Consequently, it continues to lay claim to two-thirds of Guyana’s territory.

In 2015, the Guyana government requested the United Nations Secretary-General to take steps toward a resolution of the controversy using an option from the menu as stated in the Geneva Agreement of February 17, 1966.

Further, last year, as a consequence of a stalemate on the matter, outgoing United Nations Secretary-General Ban Ki-moon agreed with his successor,  António Guterres, to continue to use the Good Offices Process until the end of 2017 as a means of arriving at a settlement.

According to the mandate of the Personal Representative, “If, by the end of 2017, the Secretary-General concludes that no significant progress has been made toward arriving at a full agreement for the solution of the controversy, he will choose the International Court of Justice as the next means of settlement, unless the Governments of Guyana and Venezuela jointly request that he refrain from doing so.”

The government statement said that since his appointment on 27 February this year, Nylander has visited Guyana on four occasions holding talks with President David Granger and Greenidge, among others.

In September, the Guyana delegation to the United Nations General Assembly met with the Secretary-General as well as Nylander and held informal discussions with Venezuelan counterparts.

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