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11.1.3 Institutional structure of the electricity sector VINLEC, a vertically integrated state-owned electricity utility, holds an exclusive license to supply electricity in the country until 2033. The utility provides electricity to Saint Vincent and four of the islands of the Grenadines. There is no regulatory agency. VINLEC is overseen by the Ministry of Transport, Works, Urban Development, and Local Government. However, the Energy Unit in the prime minister’s office is responsible for formulating and implementing the government’s energy policies and coordinating activities related to renewable energy and energy efficiency initiatives.174 Figure 11.2 shows the relationships between key entities in Saint Vincent and the Grenadines’ electricity sector. FIGURE 11.2 Key Entities in Saint Vincent and the Grenadines’ Electricity Sector Leadership and Tariff Approval Office of the Prime Minister Sets safety standards and confers rights and duties on sublicense Enforces regulations for supply, trnasmis- sion and distribution Approves land use Approves ElAs Adjusts tariffs Governor General Electrical Inspector M. of Phys. Planning M. of Health PM Office Energy Unit Owner Government of SVG 100% Board of Directors VINLEC Customers Main Oversight Ministry of Transport and Works 174. Government of Saint Vincent and the Grenadines: Ministry of National Security, Air & Sea Port Development, “About the Energy Unit,” accessed March 20, 2016, http://www.security.gov.vc/security/index.php?option=com_content&view=article&id=87&Itemid=139. 84PDF Image | Unlocking Geothermal Power Eastern Caribbean Powerhouse
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