Former Energy Minister Sees Clearing Number of Hurdles a Major Step to Achieving Objective of 100% Renewable Energy Efficiency by 2030
A former energy minister is applauding the work done by the energy task force in putting forward a report with recommendations that have been accepted by the government in Cabinet.
Montserrat is aiming to achieve 100% renewables by the year 2030.
The Task Force’s recommendations include:
– Establishment of a committee to investigate possible models for allowing distributed energy systems (DES) on the national grid without adversely impacting MUL and the lower end ratepayers.
– GoM/MUL giving special rate consideration for large consumers as a means of attracting direct foreign investment in Montserrat.
– Development of a comprehensive plan to address any inefficiencies that may exist within MUL to facilitate an acceptable electricity rate.
– Establishment of an independent and transparent electricity regulatory commission.
– GOM must actively explore securing grant funding or a commitment for financing from FCDO towards financing a major renewable energy project.
– And GOM must secure Britain’s approval to pursue the option of debt financing.
However, Mr. Lewis says that Montserrat achieving the stated objective is highly dependent on a number of factors
Former energy minister and current member of parliament, Honourable Paul Lewis