May 3, 2019. Geared to reducing emissions of carbon dioxide and other pollutants from conventional transportation fuels, Energy and Energy Industries Minister Franklin Khan turned the sod for the construction of the largest multi-fuel service station in the Caribbean.
Phase one of the $30 million flagship service station at Preysal interchange in Couva is expected to be completed by the year’s end. The initiative is a collaboration among the National Gas Company (NGC), one of its subsidiaries NGC Compressed Natural Gas (CNG), and National Petroleum (NP). This state-of-the-art facility located off the southbound lane of the Solomon Hochoy Highway will be equipped with solar panels and 20 dispensing points, 10 of which are for CNG vehicles of all classes. It will be operational 24/7 and will house a mini convenience store.
Khan said the Government has approved several CNG fiscal initiatives including the removal of import duty on components for the retrofit of vehicles to use CNG and for non-business use, 25 per cent tax credit for conversion cost up to a limit of $2,500 per vehicle. The overall program, he said, would be implemented in two phases, estimated at a total of $2 billion.
“Of this, $1.4 million will be allocated for the conversion of 100,000 vehicles, $552 million for the construction of 72 CNG stations and $55 million for the ancillary costs which include public education and marketing, provision of mobile CNG stations, expert and technical support and Radio Frequency Identification system,” Khan said.