GMSA/ IDB partnering to deliver private sector energy efficiency project
Caribbean ESCO Ltd, a Jamaican energy consultancy company, and a local electrical engineering firm, Dynamic Engineering Company, are collaborating with the Guyana Manufacturing and Services Association (GMSA) in the execution of a project designed to improve energy management in the local manufacturing sector by improving the efficiency of electrical equipment and appliances.
Stabroek Business has learnt that the GMSA has secured funding from the Multilateral Investment Fund (MIF) of the Inter American Development Bank (IDB) with which to support the execution of a two-phased Energy Efficiency Project. The MIF is to provide 70 per cent of the funding for the project while the local manufacturing sector will provide the remaining 30 per cent. The GMSA said the project is designed to address three critical electricity-related challenges facing the manufacturing sector, conservation, consumption and alternative energy.