Projects - International Climate Initiative (IKI)

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As of: March 2015

Reform of the Electricity Sector to support Climate Policy in Grenada (G-RESCP)


Objective and activities

The aim of the project is to support the island state of Grenada in reaching its ambitious climate policy goals. The national electricity market will be opened up to competition and renewable energy (RE) and energy efficiency (EE) will be promoted. To achieve this, the Grenadian government will be supported in revising and amending legal principles, starting a dialog process with the main electricity supplier, developing a road map for greater use of RE and EE, and establishing an exchange platform for investors in RE and EE areas. This approach can potentially point the way forward for other regions.

Alongside the reduction of direct greenhouse-gas emissions, this project will reduce dependency on oil imports and consequently the burden on the government budget, the population and the private sector. EE measures and 'green marketing' will help strengthen the tourism, agriculture and light industry sectors, and create jobs.

Further information:

Germany contributes 4.5 Million XCD to Grenada's Electricity Sector Reform (external)

Project data

Country:
Grenada

Partner institution:

Ministry of Finance, Planning, Economic Development, Trade, Energy and Cooperatives - Grenada


Implementing organisation:

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH


BMUB grant:
€ 1,395,000

Duration:
02/2014 till 09/2017

Website:
Website



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