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Gov't signs US$40m loan deal with IDB

The Inter-American Development Bank (IDB) and the Government of Jamaica signed a US$40 million loan agreement last Friday, to finance the Energy Management and Efficiency Programme.
 
The US$40 million 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 program will be undertaken in schools, hospitals and public agencies, and will help cut the government's electricity bill by US$7 million annually.
 
The Energy Management and Efficiency Program is an import component of the Jamaican Government's broader efforts to provide high-quality, affordable, environmentally friendly energy and reduce the country's dependence on high-cost imported oil.   


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