The Energy Minister has called on the management of companies on the Pt Lisas industrial estate which operate inefficient plants to "get their act together" and reduce the waste of the country's valuable energy resources. Speaking at last Friday's launch of the Energy Service Company (ESCO) certification committee at the Hyatt Regency Trinidad hotel, Port-of-Spain, Kevin Ramnarine said an audit of the companies operating on the estate showed that in certain cases, there was an inefficient use of natural gas as a feedstock for the production of ammonia and methanol. He said: "An audit of ammonia, methanol and iron and steel facilities on the Pt Lisas industrial estate revealed that investment in energy-saving technologies in the sum of US$13 million, if implemented, could yield significant annual savings of US$2.8 million or equivalent to a payback period of less than five years on average."
The new ESCO board is chaired by Richard Oliver, acting deputy permanent secretary in the Ministry of Energy and Energy Affairs.
In presenting the board with their instrument of appointment, Ramnarine promised that in 2012, the ministry will be placing greater emphasis on renewable energy and energy efficiceny. He said: "A key element in the achievement of sustainability is the utilisation of energy resources in an efficient manner. Accordingly, one of the key policy measures being espoused is the adoption of energy efficient operations and practices with emphasis on the major energy consuming sectors. The rationale for energy efficiency is three-fold-increased environmental protection, increased social benefit and greater economic growth."
Ramnarine said his trip to India earlier this month showed him that country's leadership in renewable energy, in particular, solar energy. He promised greater corporation between the Asian economic giant and T&T. The minister said staff from the Ministry of Energy had already benefitted from training in renewable energy in India and that co-oporation will grow. Ramnarine noted that the greatest users of energy in the country were the industrial, power generation and transportation sectors. With respect to the industrial sector, he talked about greater efficiency and the modernisation of plant and equipment.
On the issue of the power sector, he said almost 100 per cent of the country's power was generated by the cleaner-burning natural gas and there was a move now away from single cycle generation to combined cycle that will remove inefficiency in the system. Ramnarine also spoke of more efficient energy use in public transport. "The Minister of Transport and I are working on a project that will see the entire fleet of Public Transport Service Corporation (PTSC) buses turned into compressed natural gas buses. This will require certain adjustments at the PTSC compound, but it is a project that we are working on as we seek to reduce the greenhouse gas emissions."
