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4.2 Case Study Grenada Grenada is a three island state and includes Grenada, Carriacou, and Petit Martinique. Because of its small sizes Carriacou, and Petit Martinique will not be considered in this study. Grenada is located in the Eastern Caribbean south of Barbados, only 100 miles north of Venezuela (Grenada Guide 2005). It has an area of 344 km2 and 90,739 inhabitants (CIA Grenada 2010). Grenada’s estimated GDP per capita in 2008 was 13,200 USD (CIA Grenada 2010), so the World Bank (2010) has classified it as an upper-middle-income economy. The main industries are in food and beverages, textiles, light assembly operations, tourism and construction (CIA Grenada 2010). Granada lies on the edge of a hurricane belt and was struck by hurricane Ivan in September 2004 causing huge damage estimated to be as high as 2.5 times the GDP. In 2005, hurricane Emily struck but with far less severe effect (Climatelab 2010). As most of the other Caribbean states, Grenada also heavily depends on fossil fuel imports and spends half of their export earnings on it (Loy 2007). It has no natural resources, although there might be some unexplored gas and oil resources off its coast (Loy & Farrell 2005). Recently Grenada was in talks with Trinidad & Tobago to clarify their borders on the sea (pers. comm. Auguste 27 April 2010). 4.2.1 Energy Market Actors Electric Utility The Grenada Electricity Services Ltd. (GRENLEC) is the sole electricity provider for Grenada, Carriacou and Petit Martinique since 1960 with a license until 2073. In the electricity act it is mentioned that generation of electricity for private self-use is allowed only if GRENLEC and the government agree. Since 2001, efforts were made to change this act but so far it only exists as a draft. For their power production, GRENLEC use solely diesel generators. GRENLEC is private owned (Loy 2007, GRENLEC 2010). In 1994, the company was partially sold; the company WRB Enterprise, Inc. from Florida is main share holder with 50% of shares. Other small GRENLEC shares are distributed among employees, local investors and the Government of Grenada (10%) (Loy & Farrell 2005). Case Studies 39PDF Image | CARIBBEAN RENEWABLE ENERGY DEVELOPMENT PROGRAMME
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