Page 25 - Annual Report 2017

CARllEC, Ihrough collaboralion with the Achievements for the • The project and its outputs are still
Inter-AmerÎcan Development Bank completes the valuable ta CARllEC, its member utilities,
Implementation of a Climate Change Adaptation Reporting Period the Bank and regional energy partners.
and Sustainable Energy Project aimed at improving This reporting period principally realised the
the utility industl}' in the Caribbean region. Key recommendations include:
completion of the execution of a workshop to
ln June 2014, the Caribbean Electric Utility disseminate the project information; the final • CARllEC should take full advantage of future
Services Corporation (CARllEC) signed a Regional evaluation; the audit of the project's financial opportunities to meet the training and
Non-Reimbursable Technical Cooperation statements; and the submission of ail capa city needs of the utilities as they move
Agreement for grant funding in the sum of outstanding final reports. towards more efficient operations and seek
USS476, 625 from the Inter-American to incorporate more renewable energy and
Development Bank (IDB), and local counterpart The Final Evaluation become more climate-resilient.
contribution of USS120,000 ta be provided in • CARllEC should identify follow-on!
kind by CARllEC for the implementation of As part of its obligations under the project, CARllEC complementary initiatives to this project and
"CARILEes Climate Change Adaptation and was required to undertake a final evaluation wh en possible funding mechanisms by initiating
Sustainable Energy Pro9ramming" project aver 90% of the project resources were disbursed. The discussions with its utility members and key
an eighteen-month period. The project is evaluation's main goals were to: {il Determine stakeholders (e.g. donors).
specifically aimed at supporting CARllEC in the wh ether the objectives, outcomes and impact as
development and implementation of: (i) Climate stated in the Project Agreement signed between CARILEC Advances
change adaptation strategies for member electric CARllEC and the IDB were achieved; (ii) Identify
utilities; and (ii) Strategies for optimising lessons learned and provide recommendations for Preparations for its 2018
generation, transmission and distribution with future operations ta be financed by the IDB; and (iii) Benchmarking Initiative
increased renewable energy (RE) penetration and Assess CARllEC's role and perlormance as
reduction of operationallosses of its members. implementing agency. The evaluation assessed the CARllEC is very keen on improving the
project's refevance, effectiveness, efficiency, operational efficiency and viability of its member
Ta achieve this objective, the project comprised of five sustainability, and fessons fearned. utilities and wi ll continue its benchmarking
components: i) Adaptation ta Climate Change Action initiative in 2018. The study aims ta: (1) Identify,
Plan and Strategies; ii) Strategies for Supply-side The evaluation, which revealed several strengths measure and benchmark member utilities'
Energy Management; iii} Strategies for Demand-side and weaknesses of the project, has made the technical, commercial, financial and
Energy Management; iv) Dissemination of followi ng key conclusions, among others: organizational performance; (2) Determine the
Information; and (v) Consulting contract of a Project • The project has proven to be relevant to the needs, standing of the utilities against international
Coordinator. Table 13 shows the five (5) utilities policiesand plans of thestakeholder groups. "best practices" of the electric utility industry; and
that participated in the project's activities.
• The objectives of the project were largely (3) Make recommendations ta CARllEC on
Based on the agreement between CARllEC and met Although the project design and cost-effective improvements for the Caribbean
the Inter·American Development Bank which budget did not specifically target electric utilities performance profile.
included a general project extension of twelve implementation of the strategies, the fact The evolution of CARllEC's benchmarking
(12) months, the project's execution period that some of the utilities have begun initiative has realised the performance of
ended on December 10, 2016 while the final implementing some of the uni·dimensional, multi·dimensional and
disbursement period expired on April 10,2017 recommendations contributes towards environmental studies; the development and
and the consulting contract of the Project achieving the project objectives, even in the launch of a benchmark study website; and an
Coordinator expired in June 2017. absence of direct implementation support. upgrade to the uni·dimensional study to include
• The project was efficient in the use of project
financial resources, although it was not very additional key performance indicators that are
relevant to the changing regional energy industry
Table 13: Participating Utilities efficient in terms of adhering to the planned market dynamies. CARllEC Benchmarking
in the Project timeframes.
• CARILEC's performance as executing agency initiatives undertaken for the period 2013 - 2017
Name of Utility Participation are shawn in Table 14 below.
was mostly satisfactory, given the initial
Camponent constraints faced by the projec\.
1 2 3
Barbados Ught and Table 14: Benchmarking initiatives undertaken for the period 2013 - 2017
Power Company (BlPC) ./ ./ ./ Descri tian ImIlHltmllm1lmJ1
Belize Electricity
limited (BEL) ./ ./ Uni·Oimensional Study • • •
Multi·Dimensional Study(Oata EnvelopmentAnalysis) •
Oaminica Electricity ./ ./ ./
SeNiees (DOMlEC) Uni·Oimensional StudyUpgraded •
Nevis Electricity Benchmark Study Review;
Company ltd (NEVlEC) ./ ./ ./ Development of a TOR for the CARILEC BenchmarkStudy ~atforrn Upgmde P"'ject; • •
St Kit!:; Electricity ./ ./ ./ Development of a Drah MOU with CARICOM ta Facilitate
Co.ltd (SKElEC) Project Funding & Data Sharing

UAL REPORT 2017 23