Electricity regulations suriname

Suriname's electric sector regulations are dependent on contractual agreements, which are based on the 1957 Brokopondo Agreement. The project Development of Renewable Energy, Energy Efficiency and Electrification of Suriname (SU-G1001) was initiated in 2013 to promote the use and development of rene
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Suriname''s electric sector regulations are dependent on contractual agreements, which are based on the 1957 Brokopondo Agreement. The project Development of Renewable Energy, Energy Efficiency and Electrification of Suriname (SU-G1001) was initiated in 2013 to promote the use and development of renewable energy and energy efficiency in the

This is the Energy Report Card (ERC) for 2022 for Republic of Suriname. The ERC provides an overview of the energy sector performance, highlighting the following areas: • Installed Conventional and Renewable Power Generation Capacity • Annual Electricity Generation, from Conventional and Renewable Plants

Suriname, as a member of the Caribbean Community (CARICOM) has a target of 20%, 28% and 47% renewable electricity generation to be reached by 2017, 2022 and 2027 respectively. There is no legislative framework for electricity or renewable energy and Suriname is working on its development.

The EAS performs supervisory and steering tasks and duties aimed at establishing and promoting optimal availability, affordability and sustainability in the energy sector of Suriname. Furthermore, the EAS derives its duties and powers from various relevant laws and regulations, including the Electricity Act 2016 and derived State Decrees.

Paramaribo, Suriname17-20June 2025

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As of 2020, 52.9% of Suriname''s electricity was generated from fossil fuels, 46.7% from hydro power, and 0.4% from solar energy.[1] Suriname aims to keep its share of electricity from renewable sources above 35% by 2030, according to the country''s updated NDC (Nationally Determined Contribution) plan.[2]

Suriname pledged to not exceed 1.5 degrees Celsius above pre-industrial levels while also following a "cost-effective pathway to decarbonization of sustainable economic development."[3] Suriname plans to meet these goals by focusing on forests, electricity, agriculture, and transportation.[3]

The Ministry of Natural Resources is responsible for the government''s energy programs and initiatives.

Suriname''s permitting process is detailed in a report by the Inter-American Development Bank, ESIA (Environmental and Social Impact Assessment for Energy Infrastructure Projects).

Suriname''s national electrical company EBS (NV Energie Bedrijven Suriname) is focused on improving reliability and sustainability of electricity.[4]

Staatsolie is the national oil company of Suriname. The company celebrated their 40 year anniversary in December 2020 at which time it employed more than 1000 persons.[5] Staatsolie expanded into renewable energy when they assumed the operation of Afobaka Hydroelectric plant in 2020. The six strategic goals of the company to realize their Vision 2030 include sustaining onshore production, remaining a first quartile producer, establishing shallow offshore join ventures, participating in deep offshore opportunities, developing and implementing alternative energy sources, and strengthening to world-class standards.[5]

EBS and Staatsolie are responsible for their own regulatory processes.[6]

In 2020, 23.49% of those employed in Suriname worked in the industry sector, which includes mining, quarrying, manufacturing, construction, electricity, gas, and water.[7]

As of 2020, Suriname''s installed electricity capacity was 501 MW, with fossil fuels accounting for nearly 62% and renewables (mostly hydro power) making up the remainder.[1]

In 2020, Suriname generated 2.4 TWh of electricity.[1]

As of 2018, the peak electrical demand was 215.4 MW and 97% of the population had access to electricity.[8]

As of 2020, 48% of electricity was consumed by the industrial sector, followed by the residential (33%) and commercial (19%) sectors.[8]

Suriname does not produce, consume, import, or export coal.[9]

As of 2018, Suriname was producing 17,000 barrels of crude oil per day, with 84.2 million barrels of proven crude oil reserves.[10] Suriname produces 7,571 barrels per day of refined petroleum products as of 2015.[10] Suriname did not produce natural gas as of 2017.[10]

In October 2021, Staatsolie signed an offshore oil output sharing contract with Chevron for 30 years in Block 5 which includes exploration, development, and production rights.[11] The development of the oil industry in Suriname is viewed as an economic protection despite the country experiencing the direct effects of climate change.[12]

Suriname consumed 13,000 barrels per day of refined petroleum products during 2016. As of 2017, the country consumed no natural gas.[10]

Suriname was importing neither crude oil nor associated petroleum products as of 2021.[13]

Throughout 2020, five offshore oil and gas discoveries were made off the coast of Suriname, one of which is expected to start producing oil by 2025.[14] It is likely that Suriname will use oil and gas investment to jump-start its troubled economy.[15]

The majority of Suriname''s oil is moved via tanker trucks. A 55-kilometer oil pipeline from Saramacca to Staatsolie''s Tout Lui Faut export terminal became operational in August 1992.[16][17]

As of September 2020, hydro power (180 MW), solar (7 MW), and biomass (2 MW) were the main forms of renewable energy.[8] The Development of Renewable Energy, Energy Efficiency, and Electrification of Suriname program is being followed to promote renewable energy integration. Solar power will likely become an essential energy source as prices drop and Suriname attempts to move away from fossil fuels.[18]

In November 2021, Suriname finalized plans to build a floating solar farm to ease the reliance on the Afobaka Hydropower plant which generates approximately half of the energy consumed.[19][20]

About Electricity regulations suriname

About Electricity regulations suriname

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