OLADE successfully launched the Energy Balance Report of St. Kitts and Nevis and Closed the CELAC´s Energy Balance Project

On March 31, 2016, it was held the official launching of Energy Balance Report of St. Kitts and Nevis and the Official Closure of the CELAC Energy Balance Project with the participation of 50 officials from Government, public and private entities related to the energy sector of St Kitts and Nevis. Special guests such as Dr Oscar De la Maza, Representative of CELAC Pro-Tempore Secretariat. Devon Gardner, Energy Officer of CARICOM and representatives from Ministries of Antigua and Barbuda, St Lucia, Trinidad and Tobago, Belize, Haiti, and Suriname, also attended to the event.

The opening words were given by the Minister Ian Patches Liburd, Minister of Public Infrastructure, Post, Urban Development and Transport of St Kitts and Nevis, who welcomed the participants and stressed the importance of the St Kitts and Nevis Energy Balance and Greenhouse Emissions Inventories’ report conducted by OLADE to assess the country´s energy development and which will provide support on the elaboration of energy policies with a strong technical, social, economic and environmental basis. On the other hand, OLADE´s Director of Integration, Lennys Rivera, informed that OLADE was officially designated as Technical Advisor by the Ministers of Energy of CELAC in November 16, 2012 in Lima, Peru, which mandated to develop a study project for developing Energy Balances (2010-2012) of six Caribbean Member Countries of CELAC that are Non-Member Countries of OLADE: Saint Lucia, Antigua and Barbuda, The Bahamas, Dominica, Saint Kitts and Nevis and Saint Vincent and the Grenadines. Mrs. Rivera highlighted that the purpose of this project was to contribute in the reduction the information asymmetries in the energy sector of CELAC, since there is no consistent source of information that can be used to analyze the situation of supply and demand of the CELAC member countries to assist the development projects to diversify their energy matrix. Furthermore, Paola Carrera, Coordinator of Information Management and Training of OLADE, explained the OLADE’s methodology used to develop the energy balances of the study, which is recognized as a reliable national and regional energy planning tool.

The Development Bank of Latin America (CAF) financed the project and signed a non-refundable agreement with OLADE in September 2013. A team of over 12 OLADE’s officials between directors, coordinators, specialists and consultants, altogether with focal points of each country were part of this project and was implemented during 2 years, starting with Dominica whose study was officially delivered in May 2014, St Lucia in August 2014, ST. Vincent and the Grenadines in March 2015, Antigua and Barbuda in December 2015, the Bahamas and St Kitts in March 2016. Close to 150 different stakeholders were interviewed and it was found that the market structure of hydrocarbons and electricity are characterized by vertical integration. In the case of utilities, the companies are responsible for the generation, transmission and distribution. With regard to the hydrocarbon sector, it was noticed common importers and distributors such as Rubis, Sol, Petrocaribe, Delta, among others; which mainly import products from Trinidad & Tobago, Venezuela and the United States. The results of each study were delivered to each country´s authorities and main energy stakeholders and the final comparison results of all six countries were shared by the end of the event of St Kitts. This project will contribute in the elaboration of the CELAC regional energy balance as an important basis to implement a CELAC’s Roadmap in the Sustainable Energy Development, according to the CELAC’s action plan 2016. Likewise, these results will be part of the data that will be fed in the Regional Energy Information System of the OECS countries requested by CARICOM and developed by OLADE.

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