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Saint Vincent & the Grenadines Population (millions) - July 1998 Overall Electrification (% of population) GDP (billion US$) - 1997 est. Real GDP Growth Rate - 1997 est. Inflation Rate (CPI) - 1997 Total Installed Capacity (MWe) - 1995 Electricity Consumption per Capita (kWh) - 1997 Energy Demand Growth Rate 0.12 95% $0.3 1.0% 3.6% 14 545 5.0% imported 940 barrels/day of oil to satisfy its energy needs. Cane Hall, a diesel plant located about three miles outside the capital, Kingstown has triggered complaints of noise pollution. St. Vincent Electricity Services, Ltd. (VINLEC), currently has seven generating plants—three diesel sets which were commissioned from 1972 to 1993, and four small hydropowerstations. Powersalesarereportedlyincreasing at 5% per year. The country requires another 3.6 MWe of electricity in 1999 into Cane Hall and a new generating site developed at LowmansBaybytheyear2003. ThiswillbringSt Vincent’s capacity to 17.5 MWe. In an effort to diversify its economy from heavy dependence on banana exports, St. Vincent is improving its electricity sector to attract a range of new businesses, mainly financial services and information processing. Supported by an $8.8m loan from the European Investment Bank (EIB), the Government of St. Vincent (GOSV) is expanding and improving its power sector to become competitive in attracting new investments. The EIB loan will provide partial funding, with the government securing the rest. Prices (US¢/kWh) - 1997 Residential Commercial Industrial 22.0 25.2 20.0 Estimated Geothermal Potential (MWe) 890 Power Summary St Vincent’s electricity needs are met with diesel and hydropower. Oil imports are needed to meet 90% of the islands’ primary energy needs. In 1995, St. Vincent Geothermal Resources in Latin America & the Caribbean 117PDF Image | Geothermal Resources in the Caribbean and Latin America
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