About CAREEP

The CARILEC Resiliency and Energy Efficiency Project (CAREEP) aims to strengthen economic resilience and reduce the financial vulnerability of the Caribbean’s electricity sector. It specifically targets electricity consumers as well as Electric Utilities and Energy Service providers. CAREEP was designed to address two critical threats facing the region: i) the vulnerability towards climate change and ii) the financial impacts of global economic crises on Caribbean power sectors. The project specifically targets energy affordability for residential customers through:

a. Awareness-raising and knowledge-building on financial and environmental benefits and the technical requirements for the implementation of energy efficiency measures in households and
b.  Supporting the preparation of a pathway for electric utilities to provide innovative energy services that reduce energy costs for consumers and offer new business activities for the utilities.

We intend to achieve this through various interventions in six overseas country territories namely Anguilla, British Virgin Islands, Cayman Islands, Montserrat, Sint Maarten and Turks and Caicos Islands. CAREEP is being implemented by the Caribbean Electric Utility Services Corporation (CARILEC) with the support of the RESEMBID Programme, which is funded by the European Union (EU). In the six Project countries, CAREEP`s key implementation partners are:

• Anguilla: ANGLEC
• British Virgin Islands: BVI Electricity Corporation
• Cayman Islands: Caribbean Utilities Company
• Montserrat: Government of Montserrat
• Sint Maarten: Government of Sint Maarten
• Turks and Caicos Islands: FORTIS TCI

The project duration is 30 months, starting from January 2022 and ending in July 2024. CAREEP is expected to benefit more than 100,000 households and contribute to the achievement of the Sustainable Development Goals, especially Goal 7 on Affordable and Clean Energy and Goal 13 on Climate Action.