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The objectives of the Adaptable Program Loan of the Eastern Caribbean Energy Regulatory Authority (ECERA) Program Project is to establish and operationalize a regional approach to the development of the electricity sector in participating countries, by supporting the establishment of the ECERA. There are two components to the project. The first component of the project is setting up the ECERA. This component will facilitate the creation and launching of the ECERA by at least two participating countries, including carrying out the legal and consultative process leading to the formulation and ratification of the ECERA treaty, and defining the options for the ECERA self financing mechanism, reviewing tariffs and examining incentive mechanisms to promote renewable energy, all through the provision of technical advisory services, training, operating costs, and the acquisition of goods. The second component of the project is oprationalizing ECERA. This component will facilitate the initial three years or so of ECERA's operations, including the day-to-day operations and execution of core regulatory tasks.
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