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CARIBBEAN ELECTRIC UTILITY SERVICES CORPORATION

CARILEC TEAM, CHAIRMAN AND EDF CEO.

THE CARIBBEAN ELECTRIC UTILITY SERVICES

CORPORATION (CARILEC) SUPPORTS THE CARIBBEAN

IN ITS THRUST TOWARD SUSTAINABLE ENERGY CARILEC EXECUTIVE DIRECTOR MR. THOMAS HODGE.

A foreword to the ‘Caribbean Energy’ series by Thomas Hodge, Interim Executive Director of CARILEC. The Caribbean power sector is witnessing important changes in the energy landscape: Changes to the regulatory framework, high-penetration of renewable energy technologies, increased use of electric vehicles, and greater customer demands. Electric utilities are at varying stages of readiness, and have their own unique challenges for renewable energy adaptation, and future demands. CARILEC recognizes the benefits of the changes in the power sector and welcomes them.

CARILEC TECHNICAL TOUR AT BAHAMAS ELECTRICITY CORPORATION.

38 | SUSTAINABLE BUSINESS MAGAZINE

BACKGROUND CARILEC was formed in 1989 (as part of an electric utilities modernization project funded by USAID) nearly 16 years after the oil crisis of 1973. The corporation’s main focus was on “modernization of electric utilities” – which at the time, was not particularly

focused on generation diversification or renewable energy production. By 2008, oil prices skyrocketed, and the levelized cost of electricity for wind power and solar PV continued to decline. Almost overnight, renewable energy had firmly asserted its position in the region’s energy landscape and things began to change rapidly. CARILEC’s role in the region’s thrust towards sustainable energy is to facilitate capacity building, communication, and cooperation among its electric utility members, associates, and other stakeholders. In the context of this task, CARILEC’s role is particularly important. CARILEC’S SERVICES CARILEC understands the importance of collaboration, shared learning, and networking in improving utility operations.

Sustainable Business Magazine 01/16  

Sustainable Business Magazine Issue 01/16

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