Gov't getting $30m loan to boost energy conservation programme
The government's main energy reduction and efficiency programme is being amplified with a US$30 million loan from the Government of Japan, through the Japan International Cooperation Agency and the Inter-American Development Bank (IDB).
The Japanese government is providing US$15 million and the IDB allocating a similar amount.
The money will be used to fund the Energy Management and Efficiency Programme (EMEP).
The primary objective of the programme is to reduce electricity consumption within government facilities; decrease fuel consumption through traffic control management; and increase the capacity of relevant authorities or organisations in the promotion and supervision of electricity planning.
Meanwhile, Finance Minister Audley Shaw is imploring more Jamaicans to utilise Light Emitting-Diodes (LED) lights to improve energy efficiency overall.
Shaw says persons may have to spend more money up front to purchase the LED bulbs, but it will result in more savings eventually as they last longer and consume less electricity.