Enigin Update - Jamaican Energy Efficiency Programme gets Financial Boost
A $20 million loan from the Inter-American Development Bank (IDB) to finance the Jamaican Energy Efficiency and Conservation Programme, first of three such loans, was signed on Tuesday.
The IDB has approved the three loans to be disbursed over coming days at an advantageous interest rates between 1.3 percent and 1.4 percent.
Jamaican Prime Minister Andrew Holness spoke at the Signing Ceremony for a loan financing of his confidence that he programme will result in measurable reductions in the energy bill for the public sector.
The Energy Efficiency and Conservation Programme is designed to enhance Jamaica’s energy efficiency and conservation potential, through the design and implementation of cost saving Energy Efficiency and Energy Conservation measures across the public sector.
The loan will support the institutional strengthening of the Ministry of Mining and Energy, to better monitor the Government’s energy efficiency and conservation programme, invest in Energy Efficiency and Energy Conservation measures in the public sector by facilitating the retrofitting of key government buildings and increase awareness and knowledge among the public and key private stakeholders.
“These loans are an investment in the provision of critical services and amenities, but also an investment in making the public sector more efficient. It is the savings from the efficiency that will allow us to repay the loan,” Prime Minister Holness explained.
He said part of the energy efficiency loan will go towards retrofitting public sector operations and buildings, to make them more efficient.
Mr. Holness said that although the project is geared towards increasing energy efficiency within the public sector, the effort has to be extended to all Jamaicans.
Enigin Distributors in Jamaica have the technology and solutions from Enigin to help the government and public sector facilities to improve their energy efficiency - producing substantial savings on energy costs while reducing CO2 emissions - providing a quick return to repay the loans.
Port of Kingston By Blofeld of SPECTRE at en.wikipedia(Original text : W. Harris) [GFDL or CC-BY-SA-3.0], from Wikimedia Commons
