CREF Market News - Page 70 of 90

UKCIF funds to rehabilitate road networks in Antigua-Barbuda and Dominica
July 28, 2016
Plans to rehabilitate the road networks of Antigua and Barbuda, and Dominica are underway via funding from the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). A grant for US$245,000 was approved by the Caribbean Development Bank (CDB), to conduct a feasibility study of of road networks in both countries. In Antigua and Barbuda this includes […]
CDB Board Approves Energy-saving Project in Antigua and Barbuda
July 26, 2016
A project aimed at reducing the consumption of fossil fuels in Antigua and Barbuda will be funded by the Caribbean Development Bank (CDB). The Street Light Retrofitting Project will be supported by CDB financing of USD 5.9 million and a contribution of USD 905,000 from the Government of Antigua and Barbuda and the Antigua Public […]
Dominica is CARICOM forerunner in renewable energy use, latest ECLAC report reveals
July 25, 2016
Outcomes from a report by the Economic Commission for Latin America and the Caribbean (ECLAC) show Dominica as the CARICOM member that consumes the largest portion of its energy from renewable sources. The 2008 global financial crisis, and its aftershocks, incentivized the Caribbean island to pursue sustainable energy strategies that reduce dependence on fossil fuels […]
St Kitts-Nevis making substantial advances on the energy front
July 22, 2016
St. Kitts and Nevis is taking strides to become the “first green country in the world”, said Prime Minister Dr. Timothy Harris at a recent geothermal forum organized by OECS and CARICOM. A power purchase agreement (PPA) has been completed and the Ministry of energy expects to have 5 MW of power being generated by […]
New wind farm in the cards for St Lucy
July 22, 2016
Despite initial setbacks, a new 12 MW wind farm will soon begin construction in St. Lucia. Although the grid can presently accommodate 45 MW and the Renewable Energy Rider (RER) program has not reached full capacity, progress is slow as feasibility studies are carried out. Barbados Light & Power Company (BL&P) will construct the wind […]
T&T gov gets $300m loan from CAF
July 21, 2016
As part of a plan to bolster tax revenue and cushion reductions of subsidies, the Development Bank of Latin America or Corporacion Andina de Fomento (CAF) will provide a grant of US$300 million to Trinidad and Tobago. Falling energy prices have had a negative impact on the country’s fiscal balance and the “Support Programme […]
Cuban-Venezuelan oil refinery at Cienfuegos to be partially shut
July 16, 2016
Closures at the Cuban-Venezuelan Cienfuegos oil refinery will mean cuts in electricity and fuel for Cuban residents, in the second half of 2016. The 65,000 barrels-per-day refinery will be partially shut for 120 days this year due to maintenance; it is currently running at its minimum output capacity of 50,000 bpd. General manager for PDVSA […]
Setting the Stage – Announcing Pre-Event Cuba Webinar – August 3rd
July 15, 2016
The organizers of the Cuba Energy & Infrastructure Summit are pleased to announce a free pre-event webinar scheduled for TIME on August 3rd. The webinar – Opening the Doors to Cuba’s Energy Revolution: An Introduction for Global Investors – will set the stage for the Summit by providing high level guidance on the landscape for investment […]
Cuba promotes investments for energy saving
July 15, 2016
According to Minister of Energy and Mines, Alfredo Lopez, Cuba is promoting strategic investments to increase the use of renewable energy sources and fuels saving. Según el Ministro de Energía y Minas, Alfredo López, Cuba impulsa estratégicas inversiones para incrementar el uso de fuentes renovables de energía y el ahorro de combustibles.