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Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, says conserving energy and reducing the country’s energy bill, is critical to the agreement with the International Monetary Fund (IMF).

“The Government has to spend less, has to use less energy, has to be a more efficient user of energy going forward, and we are going to commit to specific actions and objectives under the IMF agreement,” he said.

Mr. Paulwell was speaking at the Jamaica Chamber of Commerce (JCC) breakfast forum on Tuesday, February 19, at the Knutsford Court Hotel, New Kingston.

He said the Government, being the single largest consumer of energy in the economy, recognised that it had to make some adjustments, and last year, embarked on a mandatory energy efficiency and conservation pilot project.

[RELATED: Reduction in Electricity Rate]

The project, which is being funded by the Inter-American Development Bank (IDB), aims to reduce the public sector electricity bill by 30 per cent over the next four years.