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Promote Private Investment in Public Lighting

xiuxiuxiuxiu Posts: 221Registered User Cupcake Princess

The International Energy Agency (IEA) estimates that by 2030, energy consumption in Latin America and the Caribbean will increase by 50-54%, putting tremendous pressure on its energy. Public lighting is an important source of energy consumption in Latin American and Caribbean countries. For example, it accounts for 3% and 6% of Colombia and Ecuador's energy consumption, respectively. Most public lighting(CLASSIC)

in the area is still powered by high-pressure sodium vapor (HPSV) lamps, mercury vapor (MV) lamps, and even incandescent lamps. These technologies often consume a lot of energy and do not always provide the best public lighting quality.

Light-emitting diode (LED) lamps have the potential to reduce energy consumption, improve the quality of public lighting and give it a long life, while also reducing operating expenses (OPEX). However, the initial capital expenditure cost (CAPEX) of LED technology is still very high and requires long-term investment payback periods - especially in most cases imported LED technology. Market research conducted by the Inter-American Development Bank shows that international LED technology suppliers are willing to produce LED lamps locally. If sufficient investment is made, the cost of lamps will be greatly reduced. The new light has actually been implemented.

These studies also identified some of the obstacles that need to be overcome to promote private investment in LED technology, including: (i) the lack of technical knowledge of local financial intermediaries (LFIs), and ultimately the beneficiaries' use of these technologies in relation to risks and rewards and how to evaluate them (ii) Investors distrust the performance of technology and the capabilities of technology providers; (iii) Lack of clear PPP and concession legal frameworks (ie prior contractual commitments, management of street lighting systems, operations and maintenance licenses) Contract of Rights (AOM); changes in administrative management, and other legal and regulatory challenges).

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