Home' Trinidad and Tobago Guardian : April 3rd 2014 Contents BG8 | NEWS
BUSINESS GUARDIAN www.guardian.co.tt APRIL 2014 • WEEK ONE
Guyana is shaping up to set a gold standard for the Caribbean
in implementing a national energy efficiency strategy to curb green-
house gas emissions from fossil fuels.
"Energy efficiency is the main method of fighting climate change
and its impact [is global] since unclean energy is the main contributor,"
the associate director of the Energy Resource Institute (TERI) of
India, Dr Rudra Narsimha Rao, told IPS.
"While inefficiencies in the energy sector are a global challenge,
Guyana s efforts can better position it to battle the devastating
impacts of climate change," added Rao, whose group is helping the
country to reduce energy costs in its sugar and rice sectors.
TERI is collaborating with the government under the framework
of its Low Carbon Development Strategy (LCDS) to carry out an
energy audit of the industrial agricultural sector. Findings and rec-
ommendations were handed over to key stakeholders on March
24.According to the World Bank, energy efficiency measures can
reduce carbon emissions in some cases by as much as 65 per cent.
Inter-American Development Bank (IDB) researchers estimate
that the region could reduce its energy consumption by ten per
cent over the next decade and save tens of billions of dollars by
adopting existing technologies to increase efficiency.
IDB-financed projects have proven that the return on investment
for efficient lighting and electric motor programmes, for example,
is higher than building new energy capacity.
Now, the bank is helping specific sectors---such as biofuels and
water utilities---to reduce operating costs through investments in
more efficient technology. It is financing programmes that will
boost the electricity output and prolong the life of existing hydro-
electric complexes by upgrading their turbines.
And it is underwriting programmes to reduce electricity trans-
mission losses and build smarter power grids within countries and
Rao warned that ignoring the potential of energy efficiency will
result in greater risks, in particular for developing countries.
Guyana s annual energy consumption accounts for approximately
five million barrels of oil, equivalent from a variety of energy sources:
diesel, fuel, gasoline, avgas, LPG, kerosene, bagasse, fuelwood, char-
coal, solar, biodiesel, biogas and wind.
Over the past few months, TERI has been spearheading a two-
phase project which gives technical support to the government in
the areas of climate change and energy. This second phase of the
project was aimed at improving the output of the rice, sugar and
Agencies which participated in the project include the Guyana
Sugar Corporation (GuySuCo), the Guyana Rice Development Board
(GRDB), the Guyana Forestry Commission (GFC) and the Guyana
Manufacturing and Services Association (GMSA).
Rao said that the studies were conducted with rice mills, sugar
estates, sawmills and manufacturing agencies to promote energy
management and conservation and increase outputs.
The head of the Office of Climate Change, Shyam Nokta, said
energy efficiency should also be seen as a lifestyle and behavioural
approach, a concept that is advanced under Guyana s LCDS.
The LCDS, a brainchild of former president Bharrat Jagdeo, sets
out a vision to forge a new low carbon economy in Guyana over
the coming decade. It has received critical acclaim globally.
"No responsible country should ignore this issue since energy
efficiency adds to the development trajectory of Guyana s LCDS,"
Agriculture Minister Dr Leslie Ramsammy told IPS.
Ramsammy also believes that the region s development trajectory
must reduce agriculture s environmental footprint, reduce vulner-
ability to climate change, boost food security, and add to the energy
stock through biofuel production.
He appealed to Caribbean nations to "consider climate-smart
agriculture" if they want to sustain economic and social prosper-
"Climate change is real, it is affecting our countries, it has already
impacted on our countries," Ramsammy told IPS.
Guyana is also benefitting from expert advice about all renewable
energy possibilities through a pact with the Clinton Foundation s
The agreement includes a team of experts "to package programmes
for renewable energy that have a commercial capability to attract
major financing," said Jan Hartke, global director of the Clinton
Climate Initiative Clean Energy Project.
For Guyana, energy plus
In an interview in early March,
Deo Gosine, managing direc-
tor, Labidco Port Services Ltd,
announced his intention to
develop a transshipment port that would have
the throughput of 2.5 million containers per
annum. In three meetings with Government officials,
including Vasant Bharath, Minister of Trade, Industry
and investment, Gosine disclosed the details surrounding
the proposed port.
The overall acreage for the port is 125 acres, the first
phase of which will comprise 92 acres. Gosine had said
"no additional area is required for infrastructure because
our terminal is situated in the La Brea Industrial Devel-
opment Company industrial estate, which has all infra-
structures already built in."
He estimated construction of the port to begin in
eight months, with a target of 3,000 jobs and a further
5,000 spin-off jobs to be created. Gosine said he project
would not harm the environment, but will be built in
cohesion with the infrastructural development of the
"Our project will not endanger wildlife, cause the
removal of coastal mangrove vegetation, built in resi-
dential area, become a nuisance to adjacent residential
neighbours, cause commercial traffic to traverse roadway
in residential areas and will be directly accessible via
the new Sir Solomon Hochoy Highway extension being
built to link San Fernando with Point Fortin."
There would be no need to have "government invest-
ment or handout" as it will create "zero debt for our
people and will have the potential to add billions of US
dollars to our national economy over the economic life
of this project," Gosine said.
He said the proposed site is abandoned property and
has not been used for any economic purpose for 50
years. The group of companies which Gosine belongs
to comprises: Brighton Port Services, Labidco Port Serv-
ices Ltd and Brighton Logistics.
Some of the benefits of the pro-
• reduce the price of shipping to all importing com-
panies in Trinidad because of the direct shipment from
most major markets
• establish Trinidad =as a major transshipment location
of choice for transshipment of iron and aluminium ore
from Brazil, Venezuela, Guyana and Suriname
• alleviate the congestion at the Port of Port-of-Spain
and free existing port area for higher value commercial
• help Union Estate to grow
• reduce north/south commercial traffic
• spur US$1 billion investment in new construction
A report on the port rationalisation for T&T issued
by the Inter-American Development bank in the La Brea
"The proposed Brighton International Terminal is part
of a 196-hectacre industrial park owned by the National
Energy Corporation. The proposed La Brea site is much
larger than either the expanded Port-of-Spain or Point
Lisas. The site may include, in addition to containers,
facilities for bulk handling and service dock for supply
The study also presents statements regarding the
expansion of the Panama Canal and whether or not
T&T s ports would increase its volume: "For a service
to use a T&T port as the primary transshipment port
for Panama Canal shipments involves a huge deviation
of about 1,500 nautical miles. T&T is located too far to
the South to serve as a transshipment hub for North
American ports. We, therefore, believe that the possibility
of attracting more business to T&T because of the Pana-
ma Canal expansion can be ruled out from further analy-
Port construction to
start in eight months
Managing director of Labidco Port Services Ltd Deo Gosine shakes the hand of UTT's chairman Curtis R Manchoon, in the
presence of Fazal Karim, Minister of Science, Technology and Tertiary Education. On May 23, 2012, UTT signed a
memorandum of understanding (MoU) with Labidco. This MoU represents a partnership that will see UTT execute
strategic programmes in port skills within the community of La Brea.
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