BASSETERRE, St Kitts, Wednesday March 6, 2019 – St Kitts and Nevis has signed a Sector Budget Support Programme with the European Union for €5 million (US$5.6 million) aimed at supporting the twin-island federation in advancing towards energy self-sufficiency from local renewable energy sources.
The overall objective of the programme is to develop a sustainable energy sector through the increased integration of renewable energy and energy efficiency technologies in public facilities.
“The three-year programme will also support the Government in its attempt to build resilience within the energy and water sectors, to ensure that the population has access to the basic needs of water and electricity when the country is severely impacted by exogenous shocks such as hurricanes,” the EU said in a statement.
Some specific outcomes will include the installation of energy efficient street lights, the installation of underground electrical power supply to three pumping stations and the establishment of an Energy Unit.
The contribution from the European Union is strongly aligned with the country’s efforts and plans to promote sustainable economic development and faster economic growth through a linked series of policy initiatives and specific investments in the energy sector. This ensures that the Government continues on its path towards reducing its dependence on fossil fuels.
“The need for this programme became even more apparent following the passing of Hurricanes Irma and Maria in September 2017 as St Kitts and Nevis, a Small Island Developing State (SIDS), continues to grapple with the effects of Climate Change and environmental degradation which is exacerbated by the occurrence of natural disasters,” the EU statement said.
The programme will also support private sector development and participation in the renewable energy sector. In particular, it will support specific economic investments and energy reforms which promote business opportunities.