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Haiti and Trinidad sign agreement for cooperative energy initiatives
Published on July 31, 2014 Email To Friend    Print Version

martelly_bissessar2.jpg
Haitian President, Michel Martelly (left) and Prime Minister Kamla Persad-Bissessar. Martelly and Persad-Bissessar signed a memorandum of understanding for energy initiatives after attending the first CARICOM-Japan Summit in Trinidad

PORT OF SPAIN, Trinidad -- A memorandum of understanding (MOU) on energy cooperation between Trinidad and Tobago and Haiti was signed on Monday in Port of Spain.

The MOU, as outlined by the ministry of energy and energy affairs director of legal, Indra Ramkisson, provides for cooperative initiatives in energy, energy security and energy exploration. It also outlined specific projects and is for an initial period of ten years the option for five year renewals as well as the establishment of a task force to push the initiatives forward,

Energy and energy affairs minister, Kevin Ramnarine, noted that the MOU covers the National Gas Company, Petrotrin and National Energy and will provide for the supply LPG, lubricants and other oil products to Haiti.

Prime Minister Kamla Persad- Bissessar and Haiti's President Michel Martelly were on hand at the signing ceremony as both heads of government had attended the CARICOM-Japan summit earlier in the day.

Persad-Bissessar noted, "For us in Trinidad and Tobago it means a lot. We are very happy that you have sought our energy products rather than from outside."

She added that initiative would provide jobs for many people in Trinidad, while generating revenue.

Martelly noted that he was "enthusiastic at getting your products at a better price than elsewhere" and added that, while there was a good relationship between TT and Haiti, "a concrete project like this one was missing".

He said that the MOU would allow Haiti "to build and manage infrastructure and port facilities, facilitate re-establishment of distribution channels, facilitate oil exploration and research".

National Petroleum (NP) chairman Neil Gosine, who was also at the signing ceremony, said NP is intending to brand nine independent stations in Haiti with the NP brand, fast track this branding process within six to nine months, establish a market for Petrotrin products as well as establish a subsidiary company on the island and a NP office in Haiti.

He said a feasibility study had been conducted for the Implementation and operationalisation of the branding of the independent stations. There would be feasibility studies for LPG, bunkering and supply of lubricants and the projects would be done with Petrotrin and NEC.

Gosine added that the products would be provided under the umbrella of CARICOM therefore would be sold without duties.

Petrotrin chairman, Lindsay Gillette, said Petrotrin has been working very closely with NP on this agreement, and the first shipment of 120,000 barrels of diesel would be in Haiti within the next couple of months.
 
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