TRINIDAD and Tobago will continue to have the region's cheapest electricity costs, and the subsidy will not be removed until the discount it affords consumers can be supplanted by renewable energy, Energy Minister Franklin Khan has said.
During a reception at Chilean Ambassador Fernando Schmidt's residence in Ellerslie Park, Port of Spain Wednesday evening, Khan told the Express “the fossil fuel curse” meant “that we turned a blind eye to renewables, but the world has changed. Every nation has to contribute to reducing greenhouse gases.”
The National Gas Company is owed $3.5 billion by electricity provider T&TEC, a Public Accounts Enterprises Committee was told in Parliament on Wednesday.
On Wednesday evening Khan reiterated Government's goal to satisfy at least ten per cent of T&T's energy needs with renewable sources by 2021.