Barbados seeking to save USS$600 million on energy alternatives - Caribbean360

Barbados seeking to save USS$600 million on energy alternatives - Caribbean360: "BRIDGETOWN, Barbados, Thursday November 17, 2011 – Over the next two decades the Barbados government is hoping to cut its oil import bill by about 30 percent, yielding cumulative savings of approximately US$600 million.

Government officials expect that a new loan approved by the Inter-American Development Bank (IDB) for US$70 million loan will help the island reduce its dependence on fossil fuels by diversifying its energy matrix, promoting sustainable energy sources, and supporting power saving efforts.
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