News

Bahamas: Nearly $5 million to be invested in East Grand Bahama micro-grid project

NASSAU, BAHAMAS — Nearly $5 million will be invested to install micro-grids across communities in East Grand Bahama as part of the Reconstruction with Resilience in the Energy Sector in The Bahamas.

Ministry of Finance Minister of State for Finance Kwasi Thompson announced the Inter-American Development Bank (IDB) loan program during the Grand Bahama Business Outlook.

“Under this project, we will be engaged in numerous capital works throughout various parts of East Grand Bahama to provide improved and more resilient renewable energy infrastructure,” Thompson said.

“The East Grand Bahama Renewable Energy Project will invest approximately $4.9 million to install micro-grids across communities in East Grand Bahama. Micro-grids will allow this area to be powered by renewable energy while running independently from the main power grid. Solar-powered energy will be used to reduce our reliance on imported fossil fuels while simultaneously minimizing the impact on our environment. The isolation feature will become particularly useful in the event of future natural disasters as the micro-grids can separate themselves from areas experiencing complications meaning power can still be provided to those in unaffected areas.”

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s