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Green Growth Investment in St.Vincent and the Grenadines Presented by: Ellsworth Dacon October 6 th 2011.

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Presentation on theme: "Green Growth Investment in St.Vincent and the Grenadines Presented by: Ellsworth Dacon October 6 th 2011."— Presentation transcript:

1 Green Growth Investment in St.Vincent and the Grenadines Presented by: Ellsworth Dacon October 6 th 2011

2 Outline About St.Vincent and the Grenadines Investment Opportunities Current Situation Stimulus for Economic Growth Why SVG END!!

3 Location of St.Vincent and the Grenadines St.Vincent and the Grenadines

4 www.divestvincent.com/Maps.html

5 St.Vincent and the Grenadines 32 Islands Population approx. 110,000 Capital – Kingstown GDP per capita USD 10,600.00 Low Inflation Rate Growing Opportunities

6 Investment Opportunities International Financial Services Information & Communication Technology Tourism Agro-business Light Manufacturing Creative Industries Renewable Energy

7 Current Situation SVG heavily dependent on imported petroleum products. (96% petroleum and 3% hydro) State owned utility VINLEC is sole provider of electricity Installed Capacity 49MW (11.5% hydro) Average Cost of Electricity is USD 0.38/kWh (fuel surcharge 51%)

8 Problem Statement Energy Prices negatively affect economic activities.(tourism sectors, food processing and gastronomy) By 2015 in a BaU scenario energy consumption will increase at a rate equal or greater than GDP growth Unsustainable Economic Growth

9 Green Growth Shift Vicious Cycle Poverty Unsustainable Economic growth Increasing Dependency on Fossil Fuel Global Warming and Climate Change Virtuous Cycle Energy Security Sustainable Economic Growth Renewable Energy & Energy Efficiency Climate Action

10 Stimulus for Economic Growth 1.Renewable Energy Opportunities –Hydro Rehabilitation and expansion New development –Wind Eastern side of mainland Grenadines - Solarvoltaic –Geothermal La Soufriere 2.Regulation and Policies to promote Sustainable Energy. 3.Seek Financial Instruments to promote Sustainable Energy. –

11 Why SVG Political Stability Economic Stability Peaceful environment Desirable housing High educational standards Good Support framework

12 Invest in SVG Invest SVG 2 nd Floor Administrative Building PO Box 2442 Kingstown St.Vincent and the Grenadines email: info@investsvg.cominfo@investsvg.com website: www.investsvg.comwww.investsvg.com

13 Invest SVG Thank You


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