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CDB to Fund Energy Project in Dominica

(CMC) – The Caribbean Development Bank (CDB) says it is assisting Dominica undertake a project to conduct energy audits on 15 public buildings and facilities.

 

The CDB said that Dominica will be also getting assistance the European Union and the United Kingdom’s Department for International Development (DFID).

 

It said that the grant of US$127,000 from the Bank’s Sustainable Energy for the Eastern Caribbean (SEEC) Programme will help Roseau conduct the energy audits.

 

The programme provides blended resources to address energy security issues through renewable energy and energy efficiency solutions, particularly in the public sector.

 

The project is in line with CDB’s strategic objective of supporting inclusive growth and sustainable development within its Borrowing Member Countries (BMC) as well as the Bank’s corporate priority of strengthening and modernising social and economic infrastructure.

 

The identified buildings, which include major government complexes such as the Financial Centre, the Douglas-Charles Airport and Dominica State College, currently consume some 4,459, 402 kilowatt hours of energy annually, costing more than four million EC dollars (One EC dollar=US$0.37 cents) annually.

 

The CDB said that the audits will analyse the energy performance of the buildings, and identify and recommend cost-effective and feasible energy efficiency measures.

 

Acting Head of the Renewable Energy/Energy Efficiency Unit, CDB, Joseph Williams said the project could result in cost and carbon emission savings for Dominica.

 

“Through this project, the government of Dominica could benefit from a reduction in its annual expenditure on electricity of an estimated two million US dollars.

 

“Implementing energy efficiency measures could result in a decrease of about 30 percent in energy consumption and savings of 1,929 megawatt hours of electricity per year, equivalent to a reduction of 1,254 tonnes of carbon dioxide emissions, helping Dominica meet its nationally determined contributions under the Paris Agreement,” he added.

 

 

Source: https://www.stlucianewsonline.com/cdb-to-fund-energy-project-in-dominica/



Category/ies:Barbados News, Dominica News, Energy Security, Funding Source, News, Regional News.
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