JIS News

Story Highlights

  • Minister with responsibility for Information, Senator the Hon. Sandrea Falconer, says Cabinet has given approval for Jamaica to continue hosting the Caribbean Sub-regional Office of the Latin American Energy Organization (OLADE).
  • Senator Falconer recently, said Jamaica would contribute US$39,600 and this is already provided for in the 2015/16 budget of the Ministry of Science, Technology, Energy and Mining.
  • OLADE, which comprises 26 countries in North, Central, South America and the Caribbean was established in 1973 as an inter-governmental, policy making and technical assistance institution.

Minister with responsibility for Information, Senator the Hon. Sandrea Falconer, says Cabinet has given approval for Jamaica to continue hosting the Caribbean Sub-regional Office of the Latin American Energy Organization (OLADE).

Senator Falconer, who was speaking at a Jamaica House press briefing in Montego Bay, recently, said Jamaica would contribute US$39,600 and this is already provided for in the 2015/16 budget of the Ministry of Science, Technology, Energy and Mining.

OLADE, which comprises 26 countries in North, Central, South America and the Caribbean was established in 1973 as an inter-governmental, policy making and technical assistance institution. Its primary purpose is to promote, protect and commercialise the region’s energy resources.

Jamaica has received various forms of assistance from OLADE, including areas of capacity building and development.

Senator Falconer further explained that Jamaica currently receives technical assistance from OLADE in areas which include the Venezuela/Mexico oil facility, established under the San Jose Accord; with Jamaica’s participation in the OLADE/ Energy Economics Information System, which enables the country’s access to a wide range of information on energy reserves, production, distribution, pricing and forecasting;  as well as with specialised training in areas of technology energy system planning and management.

The establishment of the Caribbean sub-regional office in Jamaica has also facilitated deeper integration among member countries in the Caribbean and has provided greater access to products and service offered by OLADE, the Minister noted.