Integrated Resource Plan for St. Vincent and the Grenadines
S T. V I N C E N T E L E C T R I C I T Y S E R V I C E S LTD.
P.O. Box 856 Paul’s Avenue Kingstown St. Vincent & The Grenadines West Indies
Telephone: 784-456-1701 Facsimile: 784-456-2436 Email: firstname.lastname@example.org
For Immediate Release
February 10th, 2016
INTEGRATED RESOURCE PLAN FOR ST. VINCENT AND THE GRENADINES
St. Vincent Electricity Services Limited (VINLEC), along with the Government of St. Vincent and the Grenadines, is collaborating with the Rocky Mountain Institute - Carbon War Room (RMI-CWR) and the Clinton Climate Initiative (CCI) to develop an Integrated Resource Plan (IRP).
An IRP is a utility plan for meeting present and future electricity demands in the most efficient and economical manner. It is similar to power system studies that are usually conducted by utilities, and seeks to align the needs of the utility with those of the country and all stakeholders. The IRP process is currently underway and seeks to identify the optimal set of generation, transmission, distribution, and demand-side investments that will provide least-cost electricity, maintain or improve the reliability of the electricity system, and take due consideration of resource options.
An agreement to implement the project was signed in October 2016 by Mr. Thornley Myers (CEO, VINLEC), Mr. Justin Locke (Director of Island Energy Program, RMI-CWR), and Mr. Elsworth Dacon (Director of Energy Unit).
In February, a public consultation was held with stakeholders, including large commercial and industrial customers to discuss Plan. VINLEC’s Chief Executive Officer, Mr. Thornley Myers noted that VINLEC has been involved in similar exercises that have examined the electricity needs of the country and that the Company is pleased to partner with these stakeholders to continue the process. Mr. Myers noted that in this process, they are examining diesel, as well as hydro, wind, solar and geothermal. He said that at the end of the exercise, the document will outline the best options for development of electricity in the country in the future.
Meanwhile, Senior Associate of the Rocky Mountain Institute, Kaitlyn Bunker outlined the goals of the plan and said that the IRP will help to determine what supply and demand resources can be utilised in planning SVG’s electrical system of the future. She noted that during this process the team will generate and collect ideas, refine and select scenarios and conduct a deep investigation on the final scenarios. She said the scenarios will be evaluated using metrics related to each goal namely, least cost, reliability and due consideration of resources.
The process will continue over the next three months. Once the documented is completed it will be presented formally to all stakeholders. The public consultation provided an opportunity for information exchange between key public stakeholders and the project team.
The IRP process has three specific phases namely the fact base and process alignment, assessment of current energy system and development of future energy scenarios and strategy development, implementation and business plan. Among the activities to be carried out in St. Vincent and the Grenadines are data collection, data analysis, forecasting for electricity demand, examination of resources, cost/benefit analysis and selection of an optimal model, among others.
For more information contact:
St. Vincent Electricity Services Limited
P.O. Box 856
Telephone 456-1701 Ext-215
All Communications must be addressed to the Chief Executive Officer