Public Utilities Minister attends ECERA meeting in St. Lucia

Thursday, May 15, 2014 3:53 PM - George's, Grenada
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ST. GEORGE’S, GRENADA May 15, 2014 – GIS: Grenada’s Public Utilities Minister, Hon. Gregory Bowen, is expected back home this week after attending a meeting, with his OECS counterparts and other officials, in St Lucia aimed at liberalizing the electricity sector in the sub region.

The new Electricity Supply Act for Grenada was featured in discussions during the Eighth Meeting of the Regional Energy Committee and First Workshop to establish the Legal Basis for Eastern Caribbean Energy Regulatory Authority (ECERA).

The meeting was expected to discuss and agree on the options to be adopted in “freeing up” the sector.

Officials discussed the role of a regulator to set rates in a new competitive climate for electricity in the region.

“The issue has no relationship with whether WRB (majority shareholders of Grenlec) sells or does not sell its shares,” Minister Bowen said before leaving Grenada.

“No one is mandating that ownership changes; just the rates of operation in the industry and minimum prices to consumers.”

Officials of the IMF and World Bank met with the Minister on Monday, May 12 to follow-up on the progress of the liberalization and promulgation of the required legislation.

Government officials have said that lower electricity rates are an important component of the resuscitation of Grenada‘s economy.




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