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  HOME | Caribbean

St. Lucia to End Electricity Monopoly

SAN JUAN – St. Lucian Prime Minister Kenny Anthony is leading national consultations on a bill to end state-owned LUCELEC’s 80-year-old monopoly on the generation of electricity with an eye toward attracting new investment in renewable energy.

“When the new suite of legislation is piloted through Parliament later this year, we will have a new Electricity Supply Act that will remove LUCELEC’s monopoly,” Anthony said.

The prime minister said his government is aggressively pursuing fresh investment in the energy sector, such as 12 MW wind farm expected to produce 20 percent of the island’s electricity.

The government is also working alongside the World Bank, the New Zealand government and an Israeli company to develop St. Lucia’s geothermal potential.

“More exploratory work will continue this year and we hope to conclude most of the legal negotiations during the course of the year,” Anthony said.

 

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