PHILIPSBURG:--- Prime Minister Dr. Luc Mercelina provided detailed updates on the government's initiatives to address energy challenges in St. Maarten. These efforts encompass both the current status of containerized generators, plans for new generators, and long-term strategies to achieve energy stability and sustainability.
The Prime Minister confirmed that agreements related to the leased containerized generators, crucial in stabilizing the island’s energy supply during earlier crises, are being maintained. He noted that payments for these generators are up to date, as per his understanding as a shareholder in the energy company GEBE. However, he emphasized that under corporate governance regulations, further specific details on financial administration must be obtained through the supervisory board of GEBE.
On the topic of new generators, Prime Minister Mercelina highlighted progress in acquiring three large-scale, nine-megawatt generators. The purchase of these generators is part of a broader initiative to secure the island’s future energy supply. The acquisition is being facilitated through a loan from the Netherlands, which offers favorable repayment conditions, including a low interest rate of 2.43% over 25 years.
The process of integrating these generators involves several phases, including technical reorganization of GEBE’s energy plant, tendering for suppliers, and preparing infrastructure to accommodate the equipment.
According to the Prime Minister, the generators will take approximately one and a half to two years to be ordered, delivered, and fully operational. “This is not a simple project; it requires careful planning and coordination with technical assistance to ensure its success,” he explained.
Addressing the broader vision for energy in St. Maarten, the Prime Minister emphasized the importance of sustainability. Efforts are underway to explore renewable energy solutions that will complement the existing grid. He stressed that achieving energy sustainability is imperative to provide consistent and reliable power to the people of St. Maarten.
Reflecting on his tenure, the Prime Minister recounted steps taken to stabilize the energy grid amid early challenges. Now, the focus is on ensuring long-term energy security and sustainability. “We have stabilized the system, but stability is just the first step. Sustainable energy will guarantee a brighter future for our country,” he stated.
Prime Minister Mercelina also acknowledged challenges such as coordinating with GEBE and other stakeholders for energy project implementation. He reiterated his commitment to accelerating these processes to meet the needs of St. Maarten’s residents, particularly in improving the reliability and affordability of energy.
The government remains focused on pairing immediate needs with future-oriented planning. By prioritizing investments in scalable energy solutions and adhering to international best practices, St. Maarten endeavors to maintain energy reliability while transitioning toward a greener, more sustainable landscape.
Prime Minister Mercelina provided details on the agreement between Saint Martin and the Netherlands concerning a loan to finance GEBE’s new energy generators.
The loan features a competitive interest rate of 2.43% and a 25-year repayment period. The Prime Minister confirmed that repayments are structured and included in the national budget, ensuring no undue strain on the government’s financial planning. He emphasized that this is not a bullet loan, making it a viable and responsible solution for financing critical infrastructure.
“This arrangement reflects our commitment to sound financial management while addressing the nation’s energy needs,” he stated.