Jamaica hopes to sign an energy co-operation agreement with T&T "in a matter of weeks" Jamaican Minister of Science, Technology, Energy and Mining Phillip Paulwell said during a news conference at the Hyatt Regency Trinidad in Port-of-Spain Friday. He said Jamaica hopes to sign the co-operation agreement with T&T to help his country bring down its electricity cost of US$0.40 per kilowatt-hour, one of the highest in the region. Paulwell was speaking at the end of the third day of a three-day Ministerial Session of the 41st special meeting of the Caribbean Community's (Caricom) Council for Trade and Economic Development (Coted) on Energy.
The thrust of the new energy policy, not yet a public document as it has to be first approved by the Caricom heads of state, is that the region will focus on becoming almost 100 per cent reliant on renewable energy by the year 2020.
The policy sets a series of target dates by which Caribbean countries are to phase out diesel and gas as fuel for their power plants, and harness wind, solar and hydro power instead, Belizean Minister of Energy, Science, Technology and Public Utilities Joy Grant said.
Dominican Minister of Public Works, Energy and Ports Rayburn Blackmoore, who chaired the news conference, said this is "a very salient point" because only T&T, Belize and Barbados have proven extractive resources of either oil or gas or both, and the other Caribbean countries are having to grapple with high international oil prices.
On the cooperation agreement with Jamaica, T&T's Minister of Energy and Energy Affairs Kevin Ramnarine said: "In the previous incarnation of the discussion, the discussion was focused on the supply of LNG (liquefied natural gas). We have now expanded that discussion to look further down the value chain, in Jamaica, with regard not only to shipping and supply, but at the regasification level."
He said Jamaica will be constructing a new regasification plant as well as a new 360 megawatt power plant.
Paulwell told reporters after the news conference: "Until we get cheaper energy, our mining sector is not going to grow. In fact, it affects also our services sector, tourism, our ICTs (information and communications technology companies) and so on, so energy is the most critical issue that affects Jamaica's productivity, our growth and creation of jobs."
The discussions on energy with T&T were "of great disappointment in the past," he said.
The Jamaican energy minister said that through the co-operation agreement, "We (Jamaica) are hoping to be able to supply the 360 megawatt facility with LNG."
Asked how much gas the plant will need, he said: "It will require just about 500,000 tonnes."
Hours earlier, the ministers with responsibility for energy related matters for T&T and Guyana, signed a memorandum of understanding that promotes greater cooperation between both countries on energy. T&T's Ramnarine and Guyana's Minister of Natural Resources Robert Persaud signed the MoU following the opening ceremony of the Coted meeting.
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