Minister of International Trade, Industry, Commerce and Consumer Affairs, Sen. Richard Skerritt, recently told the Manufacturing Division of the St. Kitts and Nevis Chamber of Industry and Commerce International Trade, Industry, Commerce and Consumer Affairs, that Government is encouraging business owners to take actions that can result in the more efficient use of energy, including alternative sources of energy.
“You should also be aware that Government has secured grant financing in the amount of US$420,000.00 to conduct an energy audit specifically for the manufacturing sector. It is expected that this intervention will assist you in lowering your energy costs to become more competitive,” said Mr. Skerritt.
“We have removed the Customs Duty and Value Added Tax (VAT) on renewable energy products,” Minister Skerritt reminded the local businessmen.
He said the solar energy manufacturing plant at the C.A. Paul Southwell Industrial Complex will soon be opened.
Minister Skerritt, who was in the Republic of China (Taiwan), last week was expected to visit the plant’s parent company, Speedtech Energy.
He noted that Speedtech Energy is already constructing a 1 MW solar farm at the Robert L. Bradshaw International Airport on behalf of the St. Christopher Air and Sea Ports Authority (SCASPA) and the St. Kitts Electricity Company (SKELEC).