Grenada not letting up in its bid to lower crippling electricity prices

Sunday, April 13, 2014 5:34 PM- George's, Grenada
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ST. GEORGE’S, GRENADA, April 13, 2014 – GIS:
Grenada’s Prime Minister, Dr. The Right Honorable Keith Mitchell, has stressed that high-energy prices on the island were unsustainable.

Dr. Mitchell was delivering the keynote address during a panel discussion and reception hosted by The Centre for Strategic and International Studies (CSIS) – a leading think tank institution in Washington DC.

The Prime Minister said that the country was actively seeking partnerships to help lower its electricity prices by relying less on imported diesel and more on Grenada's domestic sources of energy such as wind, solar and geothermal.

Dr. Mitchell remarked that there was a $6 trillion dollar global market for new energy, and that the region as whole needed to embrace this opportunity for a greener hemisphere as a strategy to increase competitiveness and growth.

Efforts, such as these, he said, would provide jobs for youth, reduce the appeal of the drug trade, and promote social cohesion in the region. He encouraged the Organisation of American States to play a more active role in this regard as part of its new vision.

The Prime Minister's speech was followed by remarks from a panel that included Governor of the Eastern Caribbean Central Bank, Sir Dwight Venner; US State Department Special Envoy for Energy and International Cooperation, Ambassador Carlos Pascual; OAS Assistant Secretary General, Ambassador Albert Ramdin; and World Bank Senior Energy Expert, Dr. Todd Johnson.

Prime Minister Mitchell said that in addition to building a Green Economy, Grenada was also building a Blue Economy to better harness the value of its coastal and marine resources in a sustainable manner while providing greater investment and job opportunities.

He concluded his remarks by emphasizing Grenada's Knowledge Economy to harness Grenada's brainpower, underpinned by the strength of St. George's University. PM Mitchell envisaged SGU as the hub of a Knowledge Zone that would include a Medical Park for improving the nation's health while also attracting Medical Tourism. He expressed the view that this would also attract investors in areas such as ICT and international services.

Recently, investors visited Grenada to discuss the Medical Park together with the Prime Minister and the Chancellor of St. George's University.







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