Guyana, Trinidad sign energy agreement

TIMES INT'L

Trinidad and Tobago (TT) Energy Minister Kevin Ramnarine and his Guyanese counterpart Robert Persaud on Friday signed a memorandum of understanding (MoU) to promote greater cooperation in energy and energy related matters.
The signing took place following the official opening ceremony for the ministerial session of Caricom’s 41st special meeting of the Council for Trade and Economic Development (COTED) on Energy, at the Hyatt Regency.
Persaud is one of several energy ministers from Caricom member states attending the meeting. He and Minister Ramnarine took the opportunity to deepen and strengthen energy ties between both countries by signing the memorandum document.
“We are very happy that Minister Ramnarine and his team moved so quickly to make this agreement happen,” said Persaud. “We especially look forward to receiving technical expertise and assistance from TT in energy-related matters.”
The first draft of a memorandum of cooperation between TT and Guyana was prepared in January and following negotiations over the past few weeks, the title of the agreement was adjusted to reflect a wider range of areas of cooperation to be explored.
“We were able to make all of this happen within roughly a month,” Ramnarine said.
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 the 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, strengthening of public sector institutions involved in energy and energy-related projects, and organising joint conferences, seminars, workshops, meetings, training sessions and other education programmes. (Trinidad Guardian)

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