CDF FUNDS RE­NEW­ABLE ENERGY PRO­JECT

The Star (St. Lucia) - - LOCAL -

The Gov­ern­ment of Saint Lu­cia signed a Grant Agree­ment on June 16, 2015 with the CARICOM De­vel­op­ment Fund (CDF) for fund­ing of the St Lu­cia Na­tional Trust (SLNT) Re­new­able Energy Pro­ject in the sum of 71,749 Eu­ros. The Agree­ment was signed by Prime Min­is­ter Hon. Dr. Kenny D. An­thony and Am­bas­sador Lorne McDonough, Chief Ex­ec­u­tive Of­fi­cer of the CDF.

Specif­i­cally, the fund­ing seeks to pro­vide light­ing so­lu­tions for the Pi­geon Is­land Na­tional Park, in keep­ing with one of its prin­ci­pal themes - en­vi­ron­men­tal preser­va­tion. The light­ing so­lu­tions were de­signed to run strictly on so­lar PV mod­ules backed up by 12/24V DC bat­tery banks. The use of so­lar light­ing was ini­ti­ated by the SLNT and the fund­ing would con­trib­ute to the ex­pan­sion of the use of PV light­ing.

This Grant Agree­ment rep­re­sents the third grant awarded to Saint Lu­cia by the CDF since 2010. Pre­vi­ous grants in­cluded fund­ing for the Trade and Ex­port Pro­mo­tion Agency (TEPA) for US$1.0 mil­lion and the Min­istry of Agri­cul­ture's Youth Agri Entrepreneurship Pro­ject for US$1.37 mil­lion. In ad­di­tion, the CDF pro­vided a loan fa­cil­ity to the Saint Lu­cia De­vel­op­ment Bank for about US$3.0 mil­lion. This brings the to­tal fund­ing by the CDF to Saint Lu­cia to about US$6 mil­lion.

At the sign­ing cer­e­mony Am­bas­sador McDonough an­nounced his de­par­ture from the post of Chief Ex­ec­u­tive Of­fi­cer of the CDF at the end of June 2015 and thanked the Prime Min­is­ter and the Gov­ern­ment of Saint Lu­cia for their sup­port over the years dur­ing his ten­ure as head of the CDF.

Prime Min­is­ter An­thony also thanked Am­bas­sador McDonough for his lead­er­ship at the CDF and for his sup­port of the Coun­try As­sis­tance Pro­gramme for Saint Lu­cia. He wished Am­bas­sador McDonough the very best in his fu­ture en­deav­ours.

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