Government is exploring the possibility of establishing a facility to produce glass and photovoltaic or solar cells, used to convert sunlight energy into electricity.
Energy Minister Carolyn Seepersad-Bachan said yesterday the People's Partnership Government was looking at importing silica from Guyana to provide raw material for the glass and PV cell plant.
She was speaking yesterday at a BG luncheon, hosted by energy company BG Trinidad and Tobago, in partnership with State bank First Citizens, at the Hilton Trinidad in Port of Spain.
Seepersad-Bachan said the project could cost around US$2.5 billion.
There is a huge export market for PV systems, solar and wind power systems, she said, adding it was critical the country moves towards energy efficiency.
Finance Minister Winston Dookeran said in the September 8 national budget, in Parliament, the Government would explore the development of alternative energy such as solar and wind energy and explore the prospect of developing a regional effort for the long-term sustainability of the country's energy supply.
Seepersad-Bachan said the Government was also reintroducing the Petroleum Pricing Committee to ensure there was a system of transparency in the determination of energy prices.
She said the committee will be reintroduced after consultation with the Finance Minister. —CR