The Bahamas, a small open archipelagic economy, has continued to experience low growth rates and rising debt levels since the global financial crisis. Fiscal deficits and national debt levels are deteriorating, and foreign direct investments have declined. Together with an old power generation infrastructure, The Bahamas suffers from a high fuel import bill (4% of GDP) , high electricity prices as well as a large and financially challenged utility – Bahamas Power and Light (BPL) - which experiences frequent power outages, and elevated system losses. Volatile oil prices have contributed to making electricity tariffs among the highest in the Caribbean.
Simultaneously, at the global level after years of steady cost decline for solar and wind technologies, renewable power is becoming an increasingly competitive way to meet new generation needs. The global weighted average levelized cost of electricity (LCOE) of utility-scale solar PV has fallen 73% since 2010, to USD 0.10/kWh for new projects commissioned in 2017. However, The Bahamas ranks lowest in the region for renewable energy (RE) penetration in its generation mix despite possessing ample RE resources with Global Horizontal Irradiation (GHI) averaging over 2100kWh/m2 and expected photovoltaic (PV) output of about 1700 kWh/KWp. Accelerating the transition to a renewables-based energy system represents a unique opportunity for The Bahamas to meet climate goals while fuelling economic growth, creating new employment opportunities and enhancing human welfare.
The Inter-American Development Bank (IDB) is currently supporting the Government of The Bahamas (GoBH) with a technical cooperation (BH-T1064) “Supporting Renewable Energy within the Implementation of the Electricity Act in The Bahamas” and on the request of the Ministry of Finance (MOF) will advance activities necessary to establish a Contingent Credit Line for Investment Projects (CCLIP) of up to US$170 million to Support Renewable Energy Transformation in the Bahamas”, together with a first investment operation and complementary technical assistance.
What you’ll do:
The selected candidate will:
Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.
Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.
Education: Master’s degree or equivalent in Energy Economics, Energy Regulation/Policy, Electrical Engineering, or related areas
Experience: A minimum of ten (10) years of relevant professional experience in areas related to energy, renewable energy, utility management, energy policy electricity distribution or electricity transmission or the equivalent combination of education and experience
Areas of Expertise: Energy, Project management, and Field work in renewable energy, electrification, or energy policy/regulation.
Languages: Proficiency in English (knowledge of Spanish).
Skills: Computer skills such as MS Office, MS Project
Core and Technical Competencies:
We encourage women, afro-descendants, people of indigenous origins, and persons with disabilities to apply.
About us: At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.
Our team in Human Resources carefully reviews all applications.
You may also be interested in...
Research Manager - Nassau
The Manger Research Department, will be a practicing macroeconomist, with knowledge of formulating and monetary and fiscal policy recommendations in small open economies such as The Bahamas.
Salary: Competitive Salary Town/City: Nassau
Counselling Psychologist (PMG/ALH 3) - Kingston
The incumbent will provide a full range of psychological services aimed at the Improvement of the mental health of the entire institution and provide counselling services to patients, staff and the general community of Sir John Golding Rehab Centre.
Salary: Competitive Salary Town/City: Kingston
Personnel Manager (GMG/SEG 2) - Kingston
The incumbent will consult with the Director, HRM/IR, SERHA, on policy guidelines on HRM objectives and administer the procedures for their execution.
Salary: Competitive Salary Town/City: Kingston
Chief Internal Auditor - Nevis
The Bank of Nevis Limited invites applications from suitably qualified persons to fill the position of Chief Internal Auditor.
Salary: Competitive Salary Town/City: Nevis