Charlestown, Nevis
March 11, 2008
General Manager of the Nevis Electricity Company Ltd. (NEVLEC) Mr. Cartwright Farrell said the company’s pursuits of renewable energy in collaboration with the Nevis Island Administration were in keeping with international lending agencies’ directives and urged consumers to be patient with the existing fuel surcharge.
Mr. Farrell told the Department of Information on March 11. 2008, that the company had little choice but to continue with the existing fuel surcharge once it continued to use diesel generation. He said once renewable energy came on line in 2009, as expected, the fuel surcharge would be eliminated.
“At this moment if we subsidise diesel generation by reducing or capping or eliminating the fuel surcharge while using diesel generation, it is a subsidy that is not against the standards of the world. As it is, the world is asking for us to remove them to allow geothermal, wind, solar and hydro energy all these renewable energies, to be able to compete directly against the established coal fossil fuel and nuclear generation in the world. So that is just the way to go and NEVLEC is just following that path. It is one of the stipulations of the lending agencies [including the World Bank and the] Caribbean Development Bank (CDB) that we follow that path. It is a standard that is being set around the world and we just have to follow.
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