Jamaica’s energy sector and by extension, the entire population is set to receive a boost of US$15 million in loan funding that has been approved by the World Bank to increase energy efficiency within the island.
“Given the current crisis in energy worldwide, this World Bank loan program is very well timed. It presents a way [...]
JAMAICA TO RECEIVE US$15 MILLION ENERGY LOAN FROM WORLD BANK
March 18th, 2011 
Admin: Donna 
Posted in 
Gov’t pursuing public sector energy project
April 29th, 2011 Admin: Donna KINGSTON — The Government is in discussions with the Inter-American Development Bank (IDB) on financing for a US$13 million energy saving programme for the public sector, projected to start this year.
An energy audit has identified potential savings of US$30 million per annum from the project, Minister of Finance and the Public Service, Hon. Audley Shaw, [...]
European Investment Bank (EIB)
May 31st, 2011 Admin: Tricia 1. Multilaterals Sources of Funding
Requirements
• Requirement of competitive bidding processes for the granting of exploration and/or operating licenses by the government.
• In-depth (some would say cumbersome) due diligence.
• High transparency and accountability standards.
• Monitoring and reporting obligations.
The EIB is the world’s largest public international financial institution. The EIB supports the political and strategic objectives [...]
Global Environment Facility
May 31st, 2011 Admin: Tricia 1. Financing Sustainable Energy Projects
Role of the GEF in Financing Sustainable Energy
Catalytic
– Leveraged more than $15b in co-financing Innovative
– Leader in financing new, emerging technologies and practices (e.g., concentrating solar power, solar PV, geothermal, fuel-cell buses, bus rapid transit systems)
– Pioneer in supporting market-based approaches (e.g., ESCOs) and innovative financial instruments
Transformational
– Supported the [...]
International Finance Corporation
May 31st, 2011 Admin: Tricia 1. Carbon Financing Unit
The Carbon Finance Unit serves as IFC’s in-house resource for all carbon finance-related issues, providing services directly to buyers and sellers. The Unit leads in the development of new products, and serves as an advisor on a variety of products and services to support private sector participation in [...]
Overseas Private Investment Corporation (OPIC)
May 31st, 2011 Admin: Tricia 1. Project Financing
OPIC is an agency of the United States Government
In response to the critical shortfall of private equity capital in developing countries, OPIC provides support for the creation of privately-owned and managed investment funds. These funds make direct equity and equity-related investments in new, expanding or privatizing emerging market companies. [...]
Sustainable Energy and Climate Change Initiative (SECCI)/ IDB
May 31st, 2011 Admin: Tricia 1. Sustainable Energy and Climate Change Initiative (SECCI)
INVESTORS
The Inter-American Development Bank is the leading provider of development financing to Latin American and the Caribbean. The IDB is owned by its 48 member countries.
The Bank finances its operations by issuing bonds in international capital markets. Since 1962, the Bank has held the highest [...]
EXIM BANK
May 31st, 2011 Admin: Tricia 1. Special loan window for Small & Micro Enterprise (SME) energy loans involving renewable energy projects
The EXIM Bank also recently launched a special loan window for Small & Micro Enterprise (SME) energy loans involving renewable energy projects, through which credit is available at 9.75%t interest for Jamaica dollar loans, and starting at [...]
ScotiaBank/ Bank of Nova Scotia
May 31st, 2011 Admin: Tricia 1. Global Energy Solutions (GES) for Energy Derivatives
If energy is a significant component of your cost or revenue base, consider using energy derivatives to mitigate your exposure to market price fluctuations affecting energy products.
Through our partners at Scotia Capital™, you have access to our Global Energy Solutions (GES) team, which offers a [...]
Dominica Agricultural, Industrial and Development Bank (“AID Bank”)
May 31st, 2011 Admin: Tricia 1. Energy efficiency projects will benefit from a dedicated USD 1.3 million component.
The European Investment Bank (“EIB”) has agreed to provide a USD 10 million line of credit to the Dominica Agricultural, Industrial and Development Bank (“AID Bank”) to ensure continued availability of public and private sector finance during the financial crisis.
The [...]
