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ANNEX II - ENERGY SECTOR DIAGNOSTIC Overall, despite the growing proportion of new vehicles in recent years’ imports, Grenada’s vehicle stock has aged slowly over 2006 – 2008. The number of registered vehicles has increased by an average of 5% per annum between 2006 and 2009, while over the same period, imports declined significantly. Other things being equal, an aging vehicle stock puts upward pressure on fuel consumption and greenhouse gas emissions, as older vehicles tend to be less fuel-efficient. 21 Figure 3. Historical data on registered vehicles and imports SOURCE: CENTRAL STATISTICAL OFFICE The Power Sector Since 1960, public electricity in Grenada has been provided by Grenada Electricity Services Ltd (GRENLEC). GRENLEC is now a subsidiary of Grenada Private Power Limited, which holds 50% of GRENLEC’S shares. Of the balance, 40% are held by the general public (including 11% by the National Insurance Scheme) and 10% by the government. As of the end of 2008, there were 41,228 domestic and commercial customers connected to the national electricity grid. Peak demand for electricity on GRENLEC’s system in 2008 was 29.4 MW, all of which was serviced by a total of 52 MW of diesel power. Electricity sales in 2008 were 172.5 GWh to 41,222 customers, and demand is expected to increase at 4% per annum in the business as usual (BAU) scenario. GRENLEC operates diesel power stations at Queens Park (installed capacity 45.9 MW) and on the islands of Carriacou (3.2 MW) and Petit Martinique (0.5 MW). The company also maintains 2.8 MW of standby generation capacity at the St George’s University campus at True Blue. THE NATIONAL ENERGY POLICY OF GRENADAPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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