World Bank approves US$5.6M loan to establish Caribbean energy body

The World Bank is providingUS$5.6 million for Grenada and St Lucia to establish the Eastern Caribbean Energy Regulatory Authority (ECERA) which will allow their energy consumers to benefit from improved electricity service from greener sources.

According to a press release on Thursday the World Bank Board of Directors approved the two zero-interest credits. As a regional entity, ECERA is expected to boost the delivery of electricity service and diversify