With a population of nearly 153,000 people Curaçao has a relatively broad economic base, consisting among others of tourism, off-shore financial services and oil refining. Curaçao's economy is projected to expand by 0.5% in 2015, due to an increase in domestic demand, mitigated by a decline in net foreign demand. Curaçao remains dependent on imported fossil fuels for the majority of its energy needs putting a significant strain on its public finance, and is highly exposed to oil price and supply volatility, as well as negative environmental impacts. One of the greatest challenges facing Curaçao is the high cost of utilities (electricity/water) and fuels; insufficient security in the supply of electricity; lack of a cohesive energy policy; inefficiencies in the supply of utility services and the absence of climate conscious building standards. The state-owned utility company is responsible for the production and distribution of power and water to approximately 69,000 households. Curaçao has been a pioneer of renewable energy with one of the first wind farms being established on the island in 1957. Presently, there are two wind farms (15MW each) in operation on the island with a total production of 140GWh, equal to 18% of the annual power consumption. A third 15MW wind farm has been operational since the last quarter of 2014 and will reduce the current fossil fuel consumption by an additional 9%, equivalent to approximately 10.5 million USD per annum. This will increase the contribution of energy provided by wind from 18% to 27%. Curaçao remains heavily dependent on fossil fuel and wishes to review its energy mix with the aim of moving towards a more sustainable energy combination. An increased use of renewable energy sources will reduce the dependence on expensive fossil fuel imports (estimated at 0.42 US$/kWh) and will help improve the balance of payments. At the same time, renewable energy projects can also have a significant impact on job creation and on socio-economic development. The main objective of this assignment is to provide Technical Assistance in the renewable energy field to the Curaçao Government in the programming and implementation of the OCTs 11th EDF territorial allocation in Curaçao’s favour : • Conducting consultations with relevant stakeholders; preparation of the required documents and ensure their quality in view of the OCTs 11th EDF territorial allocation programming in Curaçao’s favour, • Providing the assistance required by Curaçao Government throughout the programming exercise of the OCTs 11th EDF territorial allocation and until signature of the Financing Agreement, including the necessary follow-up to the submitted documents.

Energy and Infrastructures

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