Project Description – What is the ESEEP?
Jamaica’s future prosperity and economic growth can only be enhanced if the country becomes less dependent on imported fuel and uses energy in a more efficient and effective manner. This goal is fully articulated under the National Energy Policy (NEP) which outlines how the country will pursue the following vision:
A modern, efficient, diversified and environmentally sustainable energy sector providing affordable and accessible energy supplies with long-term energy security and supported by informed public behaviour on energy issues and an appropriate policy, regulatory and institutional framework.
Implementation of the NEP demands coordinated action by the GOJ to provide a coherent and transparent enabling environment, with clear regulations and incentives to support both the demand and supply sides of the energy sector, including mobilising financing for private sector investment – both nationally and with international partners.
The Energy Security and Efficiency Enhancement Project (ESEEP) is a joint initiative of the Government of Jamaica (GOJ) and the World Bank (WB) that is helping the country to make this vision a reality as it implements the NEP.
The Project focuses on the following key specific objectives:
- Strengthening the regulatory and institutional framework to improve sector performance, increase private investment and support the transition to cleaner fuels such as LNG.
- Developing Jamaica’s Energy Efficiency (EE) potential and Renewable Energy (RE) potential through private sector investment and consumer education/information.
- Project Management and Monitoring and Evaluation (M&E), including compliance with fiduciary requirements and appropriate M&E activities.