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Guyana and Trinidad sign MOU on energy

Saturday, March 02, 2013 | 12:01 PM    

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PORT OF SPAIN, Trinidad (CMC) – Trinidad and Tobago and Guyana have signed a Memorandum of Understanding (MOU) to promote greater cooperation in energy and energy related matters.

The MOU will be in force for two years, with options to renew through mutual agreement, or terminate through diplomatic channels. Both parties will meet annually to review the status of the cooperation executed under the MOU.

The forms of cooperation to be undertaken through the MOU include support for off-shore exploration activities, and sourcing of equipment for the development of energy and energy-related projects , coordinating and implementing projects and activities related to renewable energy which may include hydroelectric power, solar, wind, tidal, wave, geo- thermal and biomass energy and biofuels.

It also calls for strengthening of public sector institutions involved in energy and energy-related projects, and organising joint conferences, seminars, workshops, meetings, training sessions and other educations programmes.

Guyana’s Natrual Resources and Environment Minister Robert Persaud said Georgetown is pleased with the speed with which port of Spain moved to make the agreement a reality.

“We especially look forward to receiving technical expertise and assistance from Trinidad and Tobago in energy related matters,” he said, during the signing ceremony on Friday on the margins of the Caribbean Community (CARICOM) Council of Economic Trade and Development (COTED) meeting.

“We were able to make all of this happen within roughly a month,” said Trinidad and Tobago’s Energy Minister Kevin Ramnarine noting that the first draft of a Memorandum of Cooperation between the two CARICOM countries were prepared in January.

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