CREF Market News - Page 71 of 90

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.
Energy efficiency building codes, standards in focus in Grenada
July 12, 2016
CARICOM Secretariat and the CARICOM Regional Organization for Standards and Quality (CROSQ) will come together to host a Workshop aimed at establishing a consensus on practical benchmarks for the energy efficiency of buildings. The event is supported by the German Agency for International Cooperation (GIZ), its affiliate partners, and the Caribbean Development Bank (CDB). The […]
Thermal Energy Partners begin final design for Nevis geothermal project
July 10, 2016
Technical teams arrived in Nevis last month to make final preparations with the Nevis Electric Utility (NEVLEC) before launching the construction of the island’s first geothermal power plant. Thermal Energy Partners, LLC (TEP) has joined Turboden, Clemessy and subsidiary, Eiffage, in a joint venture to provide EPC services for the project. Turboden was selected by […]
Venezuela’s energy woes spread to Cuba
July 10, 2016
Long-time trade partners, Venezuela and Cuba, are struggling to maintain a 15-year relationship that provided oil assistance to Cuba. While Cuba improves relations with the United States, it is also experiencing the fallout from Venezuela’s economic decline. Venezuela’s state-run oil firm PDVSA has slashed exports to Cuba this year; the Caribbean island has received 53,500 […]