‘Resource Efficiency Project’ launched

‘Resource Efficiency Project’ launched

27-November-2014
Mr Agricole addressing delegates at the launch of the workshopSeychelles is highly dependent on imported fuel to meet its energy needs. It is estimated that 90% of our primary energy supply comes from imported fuel.

This puts much pressure on the country’s foreign exchange reserves, exacerbates state budget deficits, and poses major energy security concerns, both in terms of access to supplies and pricing, with consumers having to meet the rising cost of electricity.

This is why we need to develop a reliable market for energy-efficient (EE) appliances. As we become a more environmentally conscious nation many initiatives are taking shape in order to promote widespread use of energy and water efficient appliances.
The last to date is entitled ‘Promotion and Up-scaling of Climate-resilient, Resource-efficient Technologies in a Tropical Island Context’ or the ‘Resource Efficiency Project for Seychelles’.

This new project will focus on promoting and creating an enabling environment for the adoption of EE appliances, such as air conditioning units, refrigerators, freezers and washing machines. The project will also look at widespread dissemination of technologies to reduce water use in the domestic sector.

Its aim is to help reduce energy consumption through increasing use of EE appliances, especially in view of the continuous rise of electricity costs in Seychelles. It also aims at addressing the constraints faced by the EE market. For instance, lack of consumer awareness, limited financing mechanisms and the absence of standards and labeling schemes.

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Solar photovoltaic project to reduce electric bills

06-November-2015
Minister Dogley addressing the gatheringRequest for Qualifications (RFQ) for a 4 megawatt solar photovoltaic plant in Mahé is now being tendered out for independent power producers (IPP).
An IPP is an entity, which is not a public utility, but which owns facilities to generate electric power for sale to utilities and end users.
The tender process was launched on Thursday by the Minister for Environment, Energy and Climate Change, Didier Dogley, at the STC conference room, in the presence of chief executive (CEO) of Public Utilities Corporation (PUC) Philip Morin, CEO of Seychelles Energy Commission (Sec) Tony Imaduwa, among other stakeholders.

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Loan accords to improve electricity network in South Mahé

11-November-2015

Seychelles has signed two loan agreements worth US $31 million with the Arab Bank for Economic Development in Africa (Badea) and the Saudi Fund for Development (SFD) to finance a 33KV electricity network project in South Mahé.
The loans, US $20 million of which comes from SFD and US $11 million from Badea, were signed in the conference room of the Ministry of Finance, Trade and the Blue Economy at Liberty House by Minister Jean-Paul Adam on behalf of the government of Seychelles and the chairman of Badea and managing director of SFD, H E Eng Yourself Ibrahim Al Abdulrahman Al Bassan.
The money will be disbursed to the Public Utilities Corporation (PUC) to carry out the project, which is aimed at improving the electricity network in South Mahé to enable efficient transport of energy to meet the increasing demand of the residential and tourism activities, as well as trade and service centres on Mahé.
It will also help promote activities on which the country depends and improve medical and educational care by providing reliable power to hospitals and schools.
Speaking after the signing, Minister Adam said the loan agreement reflects the partnership between Badea and SFD that has been exemplary and that both will continue to work closely together to implement projects which allow Seychelles to move forward.
He said such projects which address critical infrastructure are not only important for our immediate needs to address the country’s population needs but also important to allow other investments to come.
“I appreciate this opportunity today to formulate once again this agreement which allows us to work together for the development of Seychelles,” he said.
Mr Bassan said the signing signifies the brotherly relations that bind the two governments, Badea and Saudi Fund on the one hand, and the Arab world and Seychelles on the other.
“These relationships transcend the financial and economic interests to include the cultural and political relationships that go back in history. Our meeting also symbolises our strong resolve to further consolidate the cooperation between Badea and the Saudi Fund and your esteemed country,” said Mr Al Bassan.
Financing by the Arab financing institutions together to Seychelles amounts to more than US $164 million as at December 2014.

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