Jamaica moving to reduce energy costs
New programme to bring $2 billion in savings.
KINGSTON, Jamaica, Monday April 23, 2012 – The Jamaican government is gearing up to launch its energy efficiency and conservation programme which is expected to see that country saving more than $2 billion a year.
Minister of Science, Technology, Energy and Mining, Phillip Paulwell said the project will be financed by the Inter-American Development bank, and would be used and seen as an example for the private sector to follow.
Noting that the programme objectives will be realised through the design and implementation of cost saving measures, Mr. Pauwell noted that recommendations from an energy audit conducted showed that public sector energy consumption could be reduced by as much as 25 per cent, a savings of $2.6 million a year.
Reports indicate that could see Jamaica reducing the demand for electricity by 15 mega watts to 55 mega watts, or 101 million kilowatts per hour per year, or 175, 000 barrels of oil.