Guyana will put in a bid for a cut of the grant financing for renewable energy projects being made available by the United States but President David Granger says it will be insufficient for the government’s plans to reduce national dependence on fossil fuels.
“That’s not serious money. Guyana will put in a bid… but that is not enough seed money for the magnitude of project that we are envisioning,” Granger said on Friday in response to a question during the recording of “The Public Interest.”
The President along with the heads of other Caribbean countries last week attended the US-Caribbean-Central American Energy Summit in Washington, where details of the Clean Energy Finance Facility were discussed. The US will make available US$10 million for renewable energy projects in the Caribbean and individuals, organisations and state actors have up to March 2017 to apply for funds of up to US$1 million to support such initiatives.
Granger mentioned that Guyana is the single largest Caribbean state with a scattered population over a vast area.
