Posted: Tuesday, May 7, 2019. 8:45 am CST.
By BBN Staff: To help increase the competitiveness of small and medium-size businesses, the Belize Trade and Investment Development Service (BELTRAIDE) hosted a workshop on energy auditing.
The workshop, held today at the Radisson Fort George Hotel and Marina, was hosted in collaboration with Caribbean Export Development Agency (CEDA).
“The purpose of this workshop is so that they can take a long hard look at their energy usage within their companies with a view of making improvements and changes where necessary so they can bring their energy costs down and their profitability up,” explained Damie Sinananmanager, of competitiveness and export promotion with CEDA.
He stressed that one of the major sources of competitiveness for small and medium-sized businesses is their energy costs and that the workshop showed companies how to calculate their energy costs using the online energy self-assessment audit tool.
With the results generated by the tool, companies will know what changes to make whether it be changing certain types of equipment for more energy efficient options or changing equipment usage patterns. Dr. Leroy Almendarez, executive director at BELTRAIDE, said that the workshop is important for local businesses because lower power consumption directly relates to increases in returns on investments.
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