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IDEAS contest promoted to students at the University of Technology

The IDB signed a US$20m loan agreement with the Jamaican government in December 2011 to support projects in Energy Efficiency and Conservation in the Public Sector –  government buildings, schools, education awareness  etc as well as in  Renewable Energy. The project is expected to realize savings to the Jamaican government of up to US$6.7 million per annum or the equivalent of 5% of the Government of Jamaica’s energy consumption. The simple payback period was  estimated at just 3 years.  This information was communicated to the audience attending  the IDEAS contest promotion by  Mr Ancille Brewster, the IDB Resident Representative. The event took place at the University  of Technology in Kingston, Jamaica on  March 29 . This was the second in a series of launches being done by the Bank.

Other  support partners  speaking at the Launch included:

Mr Leighton WatermanDFID Caribbean Representative who stressed the commitment of the UK  DFID to spend 0.7% of national income as official development assistance by 2013, – the first major economy to meet the UN target, and which  has enabled it  to create an unprecedented £2.9 billion UK International Climate Fund that will ramp up  funding up to 2015;

His Excellency Kimo Lim: Chargé d’Affaires of the Republic of Korea to Jamaica spoke of  some Korean initiatives in Jamaica  which include Korea East West Power Company and the  Jamaica Public Service .  He mentioned that a Korean Company will start building a 360MW power plant in Old Harbor this year.  In addition, Korean company Samsung  was  exploring the possibility to build energy infrastructure in Jamaica.

Mr Hawthorne Watson –Manager and Chairman of the SRC Inventor/Innovation Association who made references to previous S&T innovative efforts in Jamaica and urged students to keep up with this  tradition. His  Association publicly endorsed the contest.

Dr. Ruth Potopsingh: Director, Sustainable Energy, University of Technology in responding on behalf of the management of UTECH, expressed pleasure to participate as contestants in the competition as the University was in  support of a stable energy future for Jamaica , as one of its priority.  She pointed out  that already the University has been involved in a special program of monitoring energy use by students on its campus  and had just won a grant for further research in Hydrogen.

Category/ies:Jamaica News.
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