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Exchange of Notes and Grant Agreement Signing Between Belize and Japan for Clean Energy

Signing Ceremonies were held today, December 14, 2009 in Belmopan for an Exchange of Notes and a Grant Agreement between the Government of Japan and the Government of Belize in respect of a Project for the Introduction of Clean Energy by Solar Electricity Generation Systems.

The Note provides a framework for Japanese economic cooperation to be extended to Belize with a view to strengthening friendly and cooperative relations between Japan and Belize and to support the efforts by the Government of Belize to address climate change with special emphasis on the adaptation to and the mitigation of climate change as well as on the improvement of access to clean energy,

The Note also confirms the decision of the Government of Japan for the approval of a grant of Five Hundred and Ten Million Japanese Yen (¥510,000,000) or approximately US$5.0 million, in support of the Project which will be disbursed under the terms of a related Grant Agreement between the Government of Belize and the Japan International Cooperation Agency (JICA).

The Project involves the establishment of a photovoltaic electricity generation system in Belmopan which converts solar energy to electrical power and which in turn will be sold to the national electrical grid system. The income from such sales will accrue to the Government of Belize. Work on the Project is expected to commence in mid- 2010 and to be completed by August 2011.

Signing on behalf of the Government of Japan was His Excellency, Mr. Hiroshi Yamaguchi, Ambassador of Japan to Belize , while Mr. Joseph Waight, Financial Secretary signed for the Government of Belize.

Category/ies:Belize Events, Belize News, Events.
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