Prime Minister Dr Terrance Drew emphasised the necessity for power safety, funding in renewable assets, and regional integration in direction of driving financial transformation, in the course of the third Council of OECS Power Ministers Assembly in St Kitts and Nevis, on Tuesday, February 4th, 2025.
Throughout the assembly, PM Drew suggested the Caribbean area to take robust actions and fast selections in reworking the nation to sustainable power that can current many funding alternatives, job creation, and technological development.
Moreover, Prime Minister Dr Terrance Drew mentioned that power is an financial enabler and highlighted the significance of lowering dependence on imported power sources, which can cut back prices, safeguard economies from exterior shocks and supply dependable and inexpensive electrical energy for the locals.
To attain this transformation, he referred to as for elevated entry to concessional financing, public – personal partnerships, and modern funding mechanisms comparable to inexperienced bonds and blended finance fashions.
Notably, he additionally inspired regional integration and collaboration like interconnected grids and submarine power cable for straightforward power commerce between the OECS nations and requested the member states to develop initiatives just like the Japanese Caribbean Photo voltaic Problem.
Premier Mark Brantley additionally attended the OECS Power Ministers Assembly
Premier of Nevis, Mark Brantley additionally attended the assembly and mentioned that St Kitts and Nevis are working collectively to develop the geothermal power useful resource positioned in Nevis, so that every one Kittitians and Nevisians can profit from it.
He additionally said that regardless of going through challenges like technical, monetary, and regulatory hurdles in advancing geothermal power, the federal government is pushing ahead with the undertaking with their dedication and resilience.
The assembly was additionally attended by the incoming chair of the OECS Council of Ministers, Konris Maynard and OECS Director Common Dr Didacus Jules.
Third Assembly of the OECS Council of Ministers: Power
The third assembly was held on the St Kitts Marriott Resort from February 4th to February fifth, 2025, to advertise the OECS Sustainable Power Roadmap 2025-2035.
The assembly centered on enhancing financial progress by sustainable power throughout OECS territories.
