The Renewable Energy Industry in CARIFORUM Countries

SURINAME

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.14.2 | UTILITIES REGULATOR

There is no independent regulatory body in Suriname, but it is being established. Only IPPs may connect to the national grid and they are required to apply to the utility and the lead ministry for permission and terms and conditions for connection. The Government would set the feed-in tariffs but there are no current IPPs. Other residential and commercial installations are for self-consumption and not for the national grid. 3.14.3 | FINANCIAL INSTITUTIONS The financial institutions in Suriname show very little interest in the RE sector and are not engaged with the other stakeholders. They treat RE request like any other request with no preferential treatment. Based on the current environment, there has been no significant role to be played. This is likely to change once the energy authority is established, and interconnection is legislated with attractive feed in tariffs in place. The FI stakeholder relationships are extrapolated from the other stakeholders that interact with them.

3.14.4 | PRIVATE SECTOR INSTITUTIONS

The Suriname private sector institutions perform the usual responsibilities of business support, advocacy, capacity building, networking and promotion but also focus on sustainable and innovative development. PSIs have on average 3 persons to execute their mandate and only 1 REC in their membership. In addition to needing the required legislation, they have also expressed the need to see more organized promotion of RE and more publication of related activities. Their relationship with the other key stakeholders is depicted in the diagram right. PSIs are not very engaged in the RE Industry. This is related to the market uncertainties and lack of policies and regulations for the RE Industry.

LEAD GOVERNMENT MINISTRIES

UTILITIES REGULATOR

REGIONAL INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

HIGHER EDUCATION INSTITUTIONS

RENEWABLE ENERGY COMPANIES

Figure 3.70 | Relationships of Suriname’s Private Sector Institutions

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The Renewable Energy Industry in CARIFORUM Countries