PRESS RELEASE - Saint Lucia is one step closer to consolidating accurate information for defining and planning sustainable development programmes of the burgeoning energy sector.
The Ministry of Sustainable Development, Energy, Science and Technology in collaboration with the Latin American Energy Organization (OLADE) have completed Energy Balances for the years 2010 – 2012.
This was requested by the Meeting of Energy Ministers of the Community of Latin American and the Caribbean States (CELAC), with the aim of obtaining sufficient information for planning and definition of integration and sustainable development programmes of the energy sector of Latin America and the Caribbean.
The Energy Balance is the accounting of the energy flow between the various transformation processes and economic activities of the energy chain and its balancing relations, for which energy is produced, exchanged, transformed and consumed.
Energy data and the development of energy balances are recognized as critical components of Saint Lucia’s energy strategy.
The benefits to Saint Lucia now having Energy Balances include, optimization of energy management, strengthening energy security and reliability in the energy supply, and the ability to identify the potential use of cleaner fuels and or renewable energies and to guide the implementation of more efficient technologies.
An initial visit to the island to meet with key stakeholders was conducted by OLADE in March 2014, during which time information was acquired and used to enhance the energy balance development process.
The Official presentation of the results of Saint Lucia’s Energy Balances (2010-2012) will take place on Friday, August 22nd, 2014 in the Golden Palm Events Conference Room located on the ground floor of the Valmont Building in Rodney Bay from 9:00a.m – 12:00 p.m.