Palau commits to reshaping energy sector [1]
Tuesday, February 23, 2016 - 17:45. Updated on Thursday, April 14, 2016 - 15:12.
Palau has signed a National Energy Act into law to completely reshape its energy sector.
The Act will enable an Administration to be formed to better coordinate and manage energy to meet policy goals especially through renewable sources.
Palau’s Director of Energy, Greg Decherong said having the law would have a direct positive impact on the energy sector.
“Having such a law will further strengthen the energy sector through real commitments by means of budget allocation and coordinated national responsibilities,” he said.
The European Union Ambassador to Fiji and the Pacific, HE Andrew Jacobs said there would be better coordination between Palau and development partners in the energy sector.
“I commend all those involved in this undertaking for achieving such a great outcome for the people of Palau. Having a strong and fully resourced energy administration will mean better coordination between Palau and development partners in the energy sector which will in turn help Palau towards achieving its energy policy goals, In particular with increasing the penetration of renewable energy sources,” he said.
Palau is only the second Pacific Island country to the Cook Islands to enact such a law.