Financing energy in focus at workshop in Jamaica

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From left, keynote speaker, John Jackson, Chairman of the Jamaica Deposit Insurance Cooperation and Board Member of the Development of the Bank of Jamaica; Dr Devon Gardner, Programme Manager, Energy, CARICOM Secretariat; Jan W. Bleyl, Trainer/Facilitator; Professor Tara Dasgupta, University of the West Indies; Simon Zellner, GIZ REETA; and Dan Potash, USAID CARCEP

KINGSTON, Jamaica — Representatives of various institutions in Jamaica are currently participating in a workshop that aims to improve their financial literacy in complex Energy Service Company (ESCo) projects.

Public, financial and private institutions are represented at the three-day workshop which began on Monday morning in Kingston, Jamaica.

The workshop is being convened by the CARICOM Secretariat with the joint support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) through Renewable Energy and Energy Efficiency Technical Assistance (REETA) Programme (GIZ-REETA); USAID Caribbean Clean Energy Programme (CARCEP); United Nations Environmental Programme – Global Environment Facility (UNEP GEF); and Build Better Jamaica and National Housing Trust.

Dynamic investment grade calculation for energy contracting, energy efficiency and renewable energy projects are among the matters the participants will explore at the workshop.

At the end of the training, participants will be able to develop and calculate their own complex energy service projects, to perform risk analyses, and to produce bankable project documentations.

The workshop comes at a crucial time when the region is making major investments in sustainable energy applications.

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