Green Growth Investment Green Growth Investment in St.Vincent and the in St.Vincent and the

GrenadinesGrenadines

Presented by:Ellsworth DaconOctober 6th 2011

OutlineOutline• About St.Vincent and the Grenadines

• Investment Opportunities

• Current Situation

• Stimulus for Economic Growth

• Why SVG

• END!!

Location of St.Vincent and the Grenadines

St.Vincent and the Grenadines

St.Vincent and the Grenadines

www.divestvincent.com/Maps.html

St.Vincent and the St.Vincent and the GrenadinesGrenadines

• 32 Islands

• Population approx. 110,000

• Capital – Kingstown

• GDP per capita USD 10,600.00

• Low Inflation Rate

• Growing Opportunities

Investment OpportunitiesInvestment Opportunities

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

Current SituationCurrent 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%)

Problem StatementProblem 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

Green Growth Shift

Vicious Cycle Virtuous Cycle

Stimulus for Economic Stimulus for Economic GrowthGrowth1. 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.

–

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

Invest in SVGInvest in SVG Invest SVG

2nd Floor Administrative Building

PO Box 2442

Kingstown

St.Vincent and the Grenadines

email: info@investsvg.com

website: www.investsvg.com

Invest SVGInvest SVG

Thank You