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The Organisation of Eastern Caribbean States (OECS) in collaboration with the Governments of Grenada and St Lucia and the World Bank will host the official launch of the Eastern Caribbean Energy Regulatory Authority (ECERA) Project in early November.

OECS Director of Economic Affairs Randy Cato told CMC that the project will attract energy sector policy makers from across the OECS, renewable energy project developers and private sector representatives including electricity consumers.

“The key objectives of the launch are to give visibility and awareness to the ECERA Project, including the objectives and benefits of the ECERA to the development of the energy sector, foster information sharing as well as begin the process of sensitizing the populace about the ECERA Project and the ECERA as an institution and act as a vehicle to promote greater participation of the other OECS countries in the ECERA project.”

Cato explained that the broad objective of the project is to establish and put into operation a regional approach to the development of the electricity sector in the participating OECS Countries by supporting the establishment of the ECERA to serve as many OECS Member States as possible.

“The ECERA Project will be implemented in two phases, the first of which involves the establishment of ECERA, while the second involves the operating of ECERA as a legal entity.

ECERA will broadly be responsible for regulatory oversight of the electricity suppliers, including utilities and independent power producers,” he said.

The event scheduled to be held on November 7, will be addressed by Prime Minister Dr. Keith Mitchell of Grenada and St. Lucia’s Prime Minister Dr. Kenny Anthony.

VIA: http://www.caribbean360.com

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