Ja­maica signs US$40M IDB deal

ANKARA/BAGH­DAD – Thou­sands of home­less Ira­ni­ans hud­dled against the cold late yes­ter­day, a day af­ter at least 450 peo­ple were killed in Iran’s dead­li­est earth­quake in more than a decade, state TV said. Res­cue teams kept up search op­er­a­tions for dozens tr

Daily Nation (Barbados) - - Front Page -

KINGSTON, Ja­maica – The Govern­ment of Ja­maica has signed a loan agree­ment amount­ing to US$40 mil­lion with the In­ter-amer­i­can De­vel­op­ment Bank (IDB) to fi­nance the En­ergy Man­age­ment and Ef­fi­ciency Pro­gramme (EMEP).

The fi­nanc­ing pro­gramme in­cludes US$30 mil­lion for com­pre­hen­sive en­ergy ef­fi­ciency retrofits in 30 govern­ment-owned build­ings and the in­stal­la­tion of LED light­ing in an­other 50 struc­tures.

The en­ergy ef­fi­ciency pro­gramme will be un­der­taken in schools, hospi­tals and pub­lic agen­cies, and will help cut the govern­ment’s elec­tric­ity bill by US$7 mil­lion an­nu­ally.

The EMEP fi­nanc­ing will also sup­port en­ergy plan­ning and man­age­ment and con­trib­ute to the govern­ment of Ja­maica’s com­pre­hen­sive pro­gramme of ef­fi­ciency im­prove­ment and en­ergy di­ver­si­fi­ca­tion.

The EMEP is com­po­nent of the

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